Source: United States & Canada – South China Morning PostUS stocks dropped to their worst day since July on Wednesday, following the latest signal that inflation is getting worse.
The S&P 500 sank 1.1 per cent for a fifth loss in the six days since setting its all-time high. The Dow Jones Industrial Average fell 48 points, or 0.1 per cent, and the Nasdaq composite slid 1.9 per cent as stocks in the artificial-intelligence industry led the way lower.
Stocks felt pressure from rising yields in the bond market, where worries grew after a report said US…Read More