The S&P 500 dipped 0.3% after flirting with its all-time high, which was set two weeks ago, earlier in the day. The Dow Jones Industrial Average dropped 200 points, or 0.5%, while the Nasdaq composite shaved 0.3% off its own record.

Wall Street is edging back from its record heights after a disappointing report said inflation was worse last month.

Most stocks fell on Wall Street on Aug. 14 after a disappointing report said U.S. inflation was worse last month at the wholesale level than economists expected,

Global stocks edged lower on Thursday, with equities on Wall Street ending flat, while U.S. Treasury yields rose after market expectations for Federal Reserve interest rate cuts were shaken by surprisingly strong inflation data.

The rally in small-cap stocks fizzled, with investors buying shares of large tech and financial companies.

Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance.