The Globe and Mail reports in its Friday edition that U.S. and Canadian stocks pulled back on Thursday as investors evaluated key economic indicators ahead of the Federal Reserve's meeting next week. A Reuters dispatch to The Globe says a Labour Department report Thursday showed U.S. producer prices rose more than forecast in November, though a moderation in service costs pointed to a continuation of the broader disinflationary trend. Initial claims for U.S. unemployment benefits unexpectedly climbed last week, raising concerns about labour-market resilience. Meanwhile, profit-takers moved in after Nasdaq touched an all-time high on Wednesday, sending it down 132.05 points to 19,902.84. The Nasdaq had surged past the 20,000 mark for the first time on Wednesday. The Dow Jones Industrial Average fell 234.44 points to 43,914.12, In Canada, the S&P/TSX Composite Index closed down 246.99 points at 25,410.71, led by weakness in energy and base metals. The January crude oil contract was down 27 U.S. cents at $70.02 (U.S.) a barrel. The February gold contract was down $47.30 at $2,709.40 an ounce. Among the big movers in U.S. stocks, Warner Bros. Discovery soared 15.4 per cent, while Nordson slid 8.2 per cent.