Stocks Reverse Course, Finish Lower on Inflation Data

Stocks fell Wednesday after fresh data showed that inflation–though easing–remained higher than expected last month, feeding renewed apprehension about the Federal Reserve’s likely response and extending a punishing stretch for equities.

The S&P 500 declined 65.87 points, or 1.6%, to close at 3935.18. The Dow Jones Industrial Average fell 326.63, or 1%, to 31834.11, while the technology-focused Nasdaq Composite was down 373.44, or 3.2%, to 11364.24, its lowest close…

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