Nasdaq Falls 1.88% After Hotter-Than-Expected Inflation Report
U.S. stocks closed lower Wednesday after September CPI rose 3.7% year over year, above the 3.6% forecast and August’s 3.4%. The Nasdaq Composite fell 1.88% to 26,692.87; the S&P 500 dropped 1.11% to 7,718.94, while the Dow lost about 49 points to 51,621.48.