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Inflation cooled slightly in January, but saw increases in some areas due to the impact of surging food, energy and shelter prices on consumers, the U.S Labor Department said Tuesday.
U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping over 150 points on Wednesday.
The Dow traded down 0.27% to 34,063.42 while the NASDAQ fell 1.33% to 11,952.51. The S&P 500 also fell, dropping, 0.80% to 4,130.55.
U.S. stocks traded slightly lower this morning, with the Nasdaq Composite dropping around 40 points on Wednesday.
The Dow traded down 0.07% to 34,132.44 while the NASDAQ fell 0.33% to 12,073.74. The S&P 500 also fell, dropping, 0.25% to 4,153.57.