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Stocks Drop as Inflation Concerns Weigh on Markets

Byadmin2

May 12, 2022
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U.S. stocks dropped Thursday, extending a streak of volatility in a market driven by concerns that the Federal Reserve will obstruct development in its effort to bring inflation under control.

The S&P 500 decreased 1.8% after the broad-market index shut down 1.6% on Wednesday. The Dow Jones Industrial Average fell 1.8%, or 573 points. The Nasdaq Composite Index decreased 1.9%. All 3 indexes are on track for weekly losses of more than 4.9%.

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