US stocks sink as inflation gets worse
US stocks sink as inflation gets worse
Worries about worsening inflation are weighing on Wall Street Wednesday and pulling the US stock market further from its record. The S&P 500 dropped 1.1 per cent and was on track for a fifth loss in the six days since setting its all-time high. The Dow Jones Industrial Average was down 171 points, or 0.3 per cent, as of 1:14 p.m. Eastern time, and the Nasdaq composite was 1.6 per cent lower.