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US Stocks Close Lower Amid Inflation Worries

05/11/2021 12:21

04:06 PM EDT, 05/11/2021 (MT Newswires) -- US stocks ended lower ahead of the inflation report Wednesday that is expected to show prices hit a decade high in April.

The Dow Jones Industrial Average declined by 1.4% to 34,270.35, the S&P 500 was down by 0.9% to 4,152.11 and the Nasdaq Composite lower by 0.1% at 13,389.43. Energy and financials were among the steepest decliners, with materials the sole gainer among the sectors on Tuesday.

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