Wall Street gains ground after data

Most US stock indices rose on Thursday after the release of important US inflation and labor data.

Earlier government data showed producer prices rose 0.2% m/m in March, while surging 2.1% y/y. 

US unemployment claims fell to 211 thousand last week from 222 thousand, while analysts expected 216 thousand. 

Earlier data showcased the accelerating inflation with consumer prices in March, which hurt the odds of a Fed interest rate cut in June. 

US consumer prices rose 3.5% y/y in March, above estimates of 3.4%.

On a monthly basis, consumer prices rose 0.4%, while analysts expected a rise of 0.3%. 

On trading, Dow Jones fell 0.3%, or 116 points to 38,345 as of 16:14 GMT, while S&P 500 rose 0.1%, or 7 points to 5,167, as NASDAQ rose 0.7%, or 109 points to 16,279.