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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