US stocks end mixed on weak inflation data



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(Close): US stocks ended Thursday mixed after the release of mixed US economic data, including softer-than-expected inflation figures.

The Dow Jones shed 10.15 points to close at 18,214.42.

The S&P 500 index dipped 3.12 points to 2,110.74, but the tech-focused Nasdaq index rose 20.75 points to 4,987.89.

January's reading of the consumer price index - a measure of inflation - saw prices falling by 0.7%, the biggest drop since December 2008.

However, that drop was driven mostly by declining oil prices. The core CPI figure - which excludes volatile oil and food prices - rose 0.2% in January, tempering concerns.

Shares in struggling US retailer Sears dropped nearly 5% after it posted its 11th straight quarterly loss.

The company said it lost $159m in the fourth-quarter - less than the $358m it lost during the same period last year - and said that same-store sales declined by over 4%.