US Inflation Data Drags Wall Street Lower

Wall Street closed lower today after new US inflation data came in slightly above economist forecasts. The Dow Jones fell 113.52 points, the Nasdaq dropped 21.10 points, and the S&P 500 slipped 1.58 points. The inflation figures triggered the market decline, with technology-heavy Nasdaq and blue-chip Dow both posting losses. The S&P 500 showed only a marginal decrease, reflecting a broadly cautious trading session. The report follows recent market volatility driven by inflation concerns, which continue to influence investor sentiment and Federal Reserve policy expectations.