Stocks Drop and Oil Prices Rise As Inflation Concerns Persist; Fisker Shares Plunge on Bankruptcy Report

Stocks slide after hotter than expected wholesale inflation print, with S&P 500 down 0.4%, Dow down 0.3%, and Nasdaq down 0.4%
February producer price index rises 0.6%, higher than expected 0.3% increase, signaling potentially sticky inflation
Retail sales rebound in February, rising 0.6% after January's steep 1.1% decline, but missing economist estimates of a 0.8% increase
Oil prices continue to rally with WTI crude topping $80 per barrel on IEA supply warnings and shrinking US stockpiles
Fisker shares plunge nearly 40% on Wall Street Journal report that the EV maker is exploring a bankruptcy filing