S&P 500 and Nasdaq 100 Post Worst Day in Over Two Months
The S&P 500 fell 1.1% and the Nasdaq 100 dropped 2% as chip stocks weakened after hotter-than-expected consumer inflation data.
The S&P 500 and Nasdaq 100 slid on Wednesday, recording their steepest declines in more than two months. Chip stocks weakened amid concern that hotter-than-expected consumer inflation data could lead to possible rate hikes. 1%, while the Nasdaq 100 lost 2%.