Stocks fell on Wednesday, dialing back earlier gains as investors continued to digest the latest U.S. inflation data. Expect volatility and trade with care.
The Dow Jones Industrial Average fell 326.63 points to 31,834.11, or 1.02%. The S&P 500 slipped 1.65% to 3,935.18, and the Nasdaq Composite dropped 3.18%
During the trading session, the S&P 500 touched a new 52-week low of 3,928.82. The broad-market index also closed at its lowest level of the year. The S&P 500 is down more than 18% off its 52-week high and off by more than 17% since the start of 2022.
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