Stocks closed near unchanged on Thursday, slowing a rally that has pushed major indexes to record highs, after fresh inflation data revived concerns about the impact that tariffs are having on the economy.

US stocks opened the week with gains on Monday, recovering from last Friday’s heavy sell-off triggered by weak labor data and renewed trade tensions. All three

Global stocks retreated from record highs on Thursday while U.S. Treasury yields rose after market expectations for an interest rate cut by the Federal Reserve were shaken by stronger-than-expected inflation data.