Stock dipped Thursday as investors took a breather from November’s hot streak. Dow Jones Industrial Average futures lost 26 points, or 0.1%. S&P 500 futures were unchanged, while Nasdaq 100 futures slid 0.1%. Shares of Cisco Systems dropped 10% after the company offered weak guidance for the current quarter and full fiscal year. Palo Alto Networks shed 6% after the cybersecurity company issued a dismal forecast on billings. Macy’s stock popped 8% in premarket trading after the company topped fiscal third-quarter earnings estimates. The moves follow a winning day on Wall Street as investors cheered the latest inflation data. The Dow added more than 160 points, finishing its fourth straight winning session with a gain of around 0.5%. The S&P 500 and Nasdaq Composite climbed about 0.2% and 0.1%, respectively. On Thursday, data showed that import prices fell 0.8% in October, more than the 0.3% economists surveyed by the Dow Jones had expected. This, combined with an increase in weekly jobless claims last week, follow key inflation reports from earlier this week showing that inflation is finally slowing down. October’s producer price index, a gauge of wholesale prices, slid 0.5%. That marked its biggest monthly decline since April 2020. That came a day after the consumer price index remained flat for October, another encouraging sign for investors hoping the Federal Reserve has seen the path of inflation cool enough to stop hiking interest rates. Tuesday’s session brought the biggest gains for the S&P 500 and Nasdaq since April. With November about halfway through, the S&P 500 is up more than 7% for the month, while the Dow has advanced nearly 6%. The Nasdaq has leapt 9.8% in the period. These recent advances could be indicative of a longer term trend, said Barbara Doran, founder of BD8 Capital Partners. That’s because the recent inflation data can imply the Federal Reserve is done raising interest rates. The market being in a seasonally strong time historically is also a positive sign, she added. “I think this has legs,” Doran said on CNBC’s “Closing Bell: Overtime.” “The elements are in place for this rally to continue.” With a few inflation reports behind them, investors on Thursday will follow remarks expected from Fed officials including Cleveland President Loretta Mester and New York President John Williams at events throughout the day. U.S. Treasury yields fell on Thursday as investors digested recent inflation data that could impact the path ahead for Federal Reserve monetary policy. The yield on the 10-year Treasury was down by nearly 9 basis points at 4.45%. The 2-year Treasury yield was last trading at 4.82% after falling nearly 10 basis points. Hong Kong stocks led declines in the Asia-Pacific region on Thursday as Xpeng led electric vehicle stocks lower, while investors digested high-level discussions between the United States and China. The Hang Seng index fell 1.05%, after gaining 3.92% in the previous session. Hong Kong-listed shares of Xpeng dropped 4.2% after the Chinese EV company reported a wider quarterly loss. Separately, the South Korea stock markets opened an hour later than usual, at 10 a.m. local time. The delayed open was intended to ease rush-hour traffic as college entrance exams were administrated across the country. South Korea’s Kospi was flat, while the Kosdaq higher by 0.39%. Japan’s Nikkei 225 dipped 0.20% and the Topix lower by 0.08%. Mainland China’s CSI 300 dropped 0.72%. In Australia, the S&P/ASX 200 fell 0.67% to close at 7,058.40. Oil prices fell on Thursday, extending losses from the previous session, as signals of higher supply from the United States met worries about lackluster energy demand from China. Brent futures were down 12 cents at $81.06 a barrel. U.S. West Texas Intermediate crude (WTI) shed 13 cents to $76.53 a barrel. Both benchmarks fell more than 1.5% in the prior session. Gold prices rose on Thursday as the U.S. Treasury yields edged lower, amid prospects that the Federal Reserve is done with its rate hike cycle. Spot gold gained 0.3% to $1,965.08 per ounce, as of 1056 GMT. U.S. gold futures rose 0.2% to $1,967.70.