Stocks Slip as Stubborn Inflation Raises Rate Expectations

Visitors to the financial district walk past the New York Stock Exchange in New York on Sept. 23, 2022. Mary Altaffer/AP Photo

NEW YORK—Most stocks marched lower Wednesday as stubbornly sticky inflation has Wall Street bracing for interest rates to stay higher for longer.

The S&P 500 fell 0.5 percent in its first trading after coming off a frigid February. The Dow Jones Industrial Average edged up by 5 points, or less than 0.1 percent, while the Nasdaq composite fell 0.7 percent.