Stocks End Lower as Wall Street Braces for Big Hike in Rates

Stocks End Lower as Wall Street Braces for Big Hike in Rates
Pedestrians walk past the New York Stock Exchange on July 8, 2022. John Minchillo/AP Photo
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Stocks capped another shaky day on Wall Street with more losses Wednesday, after a highly anticipated report on inflation turned out to be even worse than expected.

The S&P 500 ended 0.4 percent lower, its fourth consecutive drop, after tumbling as much as 1.6 percent earlier. The Dow Jones Industrial Average fell 0.7 percent, while the Nasdaq composite dropped 0.2 percent, erasing nearly all of an early 2.1 percent loss.