US stocks fall as inflation accelerates; S&P 500 drops 1.1%, Nasdaq slides 1.6%
Wall Street stocks fell on Wednesday as hotter-than-expected US inflation data pushed Treasury yields higher, adding to concerns about borrowing costs even as major banks assessed the opportunities and risks associated with the artificial intelligence (AI) investment boom.
Wall Street stocks fell on Wednesday as hotter-than-expected US inflation data pushed Treasury yields higher, adding to concerns about borrowing costs even as major banks assessed the opportunities and risks associated with the artificial intelligence (AI) investment boom.
What's Your Reaction?
