US stocks fall as nervous market awaits Friday’s inflation data and anticipates Fed’s response Market Snapshot

By Thornton McEnery and Mark DeCambre

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Shares of Altice USA Inc. ATUS took a 5.3% dive in midday trading Thursday toward a 3-year low, and the second-lowest close since going public in June 2017, after longtime bullish analyst Philip Cusick at J.P. Morgan downgraded the telecommunications company.
Brazilian digital bank Nu Holdings /zigman2/quotes/231028167/composite NU -12.01% priced its initial public offering on the New York Stock Exchange at $9 per share, valuing the Warren Buffett-backed lender at more than $41 billion. “This will mark one of the biggest publicly listed fintech companies in the world and provide a glimpse into the feasibility of running a large digital only bank,” said analysts at Saxo Bank. The stock closed down 8.2%.
After reporting a widening loss per share despite almost 30% sales growth on Wednesday afternoon, shares in mega-meme stock GameStop /zigman2/quotes/203755179/composite GME -3.56% closed down more than 10% on Thursday despite social media chatter that the videogame retailers loyal army of retail investors would be buying into the post-earnings dip.
Another high-profile new listing, HashiCorp /zigman2/quotes/231028144/composite HCP -4.33% , priced its IPO at $80, valuing the cloud-based software provider at $14 billion. Shares closed up 6.5% on Thursday midday.
Hormel Foods Corp . HRL shares rose 4.7% on Thursday after the food company reported fiscal fourth-quarter sales that beat the Street and reached a record.

The yield on the 10-year Treasury note TMUBMUSD10Y fell to around 1.497%, from 1.508% Wednesday. Treasury yields and prices move in opposite directions.
The ICE U.S. Dollar Index DXY , a measure of the currency against a half-dozen other monetary units, was up 0.4% at 96.23.
In oil futures, West Texas Intermediate crude CL00 for January delivery CLF22 ell $1.42, or 2%, to settle at $70.94 on the New York Mercantile Exchange.
Gold futures GC00 for February delivery GCG22 declined by $8.80, or 0.5%, to settle at $1,776.70 an ounce
The Stoxx Europe 600 Index SXXP closed less than 0.1% lower, while London’s FTSE 100 Index UKX slipped 0.2% on the session.
In Asia, the Shanghai Composite Index SHCOMP closed 1% higher, while the Hang Seng Index HSI rose 1.1% in Hong Kong and China’s CSI 300 000300 advanced 1.7%. Japan’s Nikkei 225 Index /zigman2/quotes/210597971/delayed JP:NIK +1.27% , however, closed down 0.5%.