Inflation Surge Impacts US Stocks-Global Markets React

Another hotter-than-expected update on inflation weighs on US stocks

The latest report on inflation at the wholesale level in the US has caused concern for investors and is holding back the stock market. On Friday, the S&P 500 was down 0.3%, following its all-time high the day before, while the Dow Jones Industrial Average dropped by 0.2% and the Nasdaq composite fell by 0.7%. This report on rising prices is the most recent indication that the battle against inflation is far from over.