Retail-sales figures raise concerns about growth; Treasury yields slide
Stocks fell Wednesday after a fresh batch of economic data offered worrying signs of how the economy is weathering the Federal Reserve’s tightening campaign.
The S&P 500 lost 62.11 points, or 1.6%, to 3928.86 with each of its 11 sectors in the red. The Dow Jones Industrial Average dropped 613.89 points, or 1.8%, to 33296.96. The Nasdaq Composite Index shed 138.10 points, or 1.2%, to 10957.01. All three major indexes gave up gains made in early trading.