Stocks fall on Wall Street, giving back recent gains

By STAN CHOE and DAMIAN J. TROISE
AP Business Writers

NEW YORK (AP) — Wall Street gave back some of its recent gains as uncertainty about interest rates and inflation continued to reign. The S&P 500 fell 1.1% Wednesday, the Nasdaq fell 1.7% and the Dow Jones Industrial Average gave back 0.6%. The losses followed another mixed set of earnings reports. Chipotle Mexican Grill sank after delivering weaker results for the latest quarter than expected, while disappointing forecasts for upcoming results knocked other stocks lower. CVS Health climbed after turning in stronger profits than Wall Street had forecast. Treasury yields held relatively steady.