Stocks finished lower on Thursday, with another afternoon selloff tied to a jump in Treasury bond yields, this time linked to hawkish comments from Fed Chair Jerome Powell. Speaki

Indexes slipped as traders zeroed in on remarks from Fed Chair Jerome Powell, who said the central bank is in no hurry to cut rates amid a strong economy.

Ahead of the opening bell, the Bureau of Labor Statistics said the Producer Price Index (PPI), which measures what businesses are paying subscribers for goods, increased 0.2% month over month in October. Year over year, the headline PPI was up 2.4% – the quickest pace since July.

Stocks moved lower after Federal Reserve Chair Jerome Powell said the central bank is in 'no hurry' on rate cuts.

Traders see another rate in December as likely after consumer and wholesale inflation this week were in line with expectations.

Super Micro Computer stock is tumbling another 8.5% in heavy volume after the server maker said it needs additional time to file its 10-Q form for earnings in the last quarter. ASML's U.S.-listed shares are up 3% after the Dutch microchip equipment maker reiterated its 2030 goal of annual revenue between approximately €44 billion ($46.