Skip to Content
AP National Business

Wall Street closes lower following latest inflation report

<i></i><br/>
KMIZ

By
Published 3:06 PM

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks closed lower on Wall Street Tuesday as traders took in the latest sign that inflation is still running high ahead of the Federal Reserve’s last meeting of the year. The S&P 500 fell 0.7% and the Nasdaq shed 1.1%. The Dow Jones Industrial Average fell 0.3%. The latest report on inflation showed that wholesale prices jumped a record 9.6% in November from a year earlier. Federal Reserve policymakers began a two-day meeting at which they’re expected to speed up the withdrawal of economic stimulus measures. Technology stocks were the biggest drag on the market. Bond yields rose.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content