US stocks fall further from their record as inflation gets worse
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By STAN CHOE, AP Business Writer
NEW YORK (AP) — Worries about worsening inflation are weighing on the U.S. stock market Wednesday and pulling Wall Street further from its record.
The S&P 500 fell 0.6% and was on track for a fifth loss in the six days since setting its all-time high. The Dow Jones Industrial Average was up 2 points, or less than 0.1%, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 0.9% lower.
Stocks felt pressure from rising yields in the bond market, where worr
NEW YORK (AP) — Worries about worsening inflation are weighing on the U.S. stock market Wednesday and pulling Wall Street further from its record.
The S&P 500 fell 0.6% and was on track for a fifth loss in the six days since setting its all-time high. The Dow Jones Industrial Average was up 2 points, or less than 0.1%, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 0.9% lower.
Stocks felt pressure from rising yields in the bond market, where worr
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