Dow, S&P 500’s fall deepens Thursday as inflation fears batter stock market | Tipspdia

U.S. stock indexes traded lower Thursday, as concerns about lingering inflationary pressures weighed across several asset classes. Economic data showed slowing wholesale inflation in April, but still intense price pressures. Meeting forecasts, prices rose 0.5% in April, from a 1.6% jump in March. Prices over the year slowed to 11% from 11.5%. Meanwhile, weekly jobless claims rose 1,000 to 203,000 in the week ended May 7, the Labor Department reported.

How benchmarks are performing
  • The Dow Jones Industrial Average
    was falling 163 points, or 0.6%, to 31,686.

  • The S&P 500 index
    was down 0.6% at around 3,912.

  • The Nasdaq Composite Index
    was trading off 1.2% at about 11,255.

On Wednesday, the Dow fell 327 points, or 1.02%, to 31834, the S&P 500 declined 66 points, or 1.65%, to 3935, and the Nasdaq Composite dropped 373 points, or 3.18%, to 11364.


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