Wall Street falls as US inflation and oil prices rise
U.S. stocks fell and bond yields rose following a firm wholesale inflation report. Meanwhile, the ECB raised its interest rates and Brent crude climbed above $100.
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United States stocks fell and bond yields rose on Thursday afternoon following wholesale inflation data that increased market anxiety over monetary policy. The Dow Jones Industrial Average and S&P 500 each dropped 0.6%, while the Nasdaq Composite fell 0.65%. The moves reflect mounting pressure on global equities as energy costs surge and central banks maintain tight stances.
