U.S. stocks are drifting lower as momentum wanes from a big rally that had brought the market to the brink of a record. The S&P 500 fell 0.3% in early trading Thursday. The Dow Jones Industrial Average was down 238 points, or 0.6%. The Nasdaq composite lost 0.2%. Treasury yields fell in the bond market after a report on inflation in wholesale prices came in milder than expected. Boeing's stock fell after one of the company's jets crashed in India with more than 240 people aboard. Business software maker Oracle rose sharply after reporting results that came in well ahead of forecasts.

THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below.