In early Thursday trading on Wall Street, stocks fluctuated between tiny gains and losses as investors weighed the latest Federal Reserve reports amid fears about rising inflation.

The S&P 500 fell 0.2% as of 10:22 a.m. Eastern. The Dow Jones Industrial Average fell 240 points, or 0.7%, to 34,256 and the Nasdaq fell 0.1%.

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Health care stocks made solid gains, along with some big technology companies. Pfizer rose 2.3%. Computer and printer maker HP surged 17.3% after Warren Buffett’s Berkshire Hathaway disclosed an 11% stake in the company.

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Those gains helped temper the impact of losses elsewhere in the market. Industrial stocks fell broadly. General Electric slipped 3%. Banks and other financial companies also fell. JPMorgan slipped 1.9% and Charles Schwab fell 2%.

Bond yields rose. The yield on the 10-year Treasury rose to 2.63% from 2.61% late Wednesday.

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Minutes from the Fed’s meeting last month showed policymakers agreed to begin cutting the central bank’s stockpile of Treasurys and mortgage-backed securities by about $95 billion a month, starting in May. That’s more than some investors expected and nearly double the pace the last time the Fed shrank its balance sheet.

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Traders are now pricing in a nearly 80% probability the Fed will raise its key overnight rate by half a percentage point at its next meeting in May. That’s double the usual amount and something the Fed hasn’t done since 2000.

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Wall Street is concerned about consumers eventually pulling back on spending as higher prices become too difficult to digest. Price increases were responsible for a rise in consumer spending in March, otherwise, the results revealed a pullback.

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Russia’s invasion of Ukraine has added to concerns about the duration of rising inflation. Energy prices have been particularly volatile and pushed gasoline prices higher. Crude oil prices were relatively stable on Thursday, but are up 30% for the year.