Wall Street Closes Lower Following Latest Inflation Report

Wall Street Closes Lower Following Latest Inflation Report
A sign for Wall Street hangs in front of the New York Stock Exchange in New York City, on July 8, 2021. Mark Lennihan/AP Photo
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Stocks fell broadly on Wall Street Tuesday as new data showing that inflation is still running high put a spotlight on what action the Federal Reserve will take as it holds its last meeting of the year.

The S&P 500 index fell 0.7 percent, adding to its losses from a day earlier. Nearly 70 percent of the companies in the benchmark index fell, led by technology stocks. Only financial sector stocks eked out again.