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US stocks drop to their worst day since July as inflation worsens

US stocks drop to their worst day since July as inflation worsens
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US stocks dropped to their worst day since July on Wednesday, following the latest signal that inflation is getting worse. The S&P 500 sank 1.1 per cent for a fifth loss in the six days since setting its all-time high. The Dow Jones Industrial Average fell 48 points, or 0.1 per cent, and the Nasdaq composite slid 1.9 per cent as stocks in the artificial-intelligence industry led the way lower.

US stocks dropped to their worst day since July on Wednesday, following the latest signal that inflation is getting worse. The S&P 500 sank 1.1 per cent for a fifth loss in the six days since setting its all-time high. The Dow Jones Industrial Average fell 48 points, or 0.1 per cent, and the Nasdaq composite slid 1.9 per cent as stocks in the artificial-intelligence industry led the way lower. Stocks felt pressure from rising yields in the bond market, where worries grew after a report said US... [Image text:] LIVE S&P 9:30A PUBLIC DATAWEUSETO MAKE OUR 902.68 2P BREAKIN STS NEWS DECISI RSH:SURGE IN HIGH-TECH +19.27 ICAPEX HAS BEEN REMARKABLE CNBC RUSSELL ZK 2,937.73vIx TF72 17
US (LOCATION) Nasdaq (ORG)
Originally published by South China Morning Post Read original →