Opening Bell: Stocks Slip on Bank of Japan Inaction; Rite Aid Posts Earnings Miss

U.S. stocks dropped on Thursday, following the Bank of Japan's decision not to add more stimulus measures, despite a strengthening yen. Meanwhile, the May consumer price index rose 0.3 percent month-over-month, beating estimates of 0.2 percent. Year-over-year, the inflation gauge is up one percent, far from the Federal Reserve's two percent target. Plus, weekly jobless claims rose by 13,000 to 277,000 over the past week. Rite Aid (RAD) - Get Report shares fell after reporting first quarter earnings and revenue that missed analysts' estimates, though revenue rose 23 percent year-over-year. Same store sales gained 0.4 percent. TheStreet's Scott Gamm reports from Wall Street.