By ALEX VEIGA, Associated Press Business Writer

Stocks are losing ground on Wall Street in early trading Friday, pulling the market down from its latest all-time highs, after a closely watched measure of inflation showed prices mostly held steady last month.

The S&P 500 fell 0.5% a day after climbing to a record high. The benchmark index is set to end August about 2%, which would be its fourth straight month of gains.

The Dow Jones Industrial Average also came off its own record high, shedding 125 points, or 0.3%, as of 9:58 a.m. Eastern time. The Nasdaq composite was 0.9% lower.

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