Wall Street falls more than 1% on fears of inflation

Wall Street escalated its losses in trading today, Wednesday, and losses on the Dow Jones Industrial Average and Standard & Poor’s 500 indices topped a 1% decline.

After the major Wall Street indices opened in Falling Wednesday after rising oil prices exacerbated fears of rising inflation, a survey showing a sharp rise in private sector jobs last month fueled concerns that monetary stimulus will be scaled back before the planned.

On the opening, the Dow Jones Industrial Average fell 115.71 points, or 0.34%, to 34198.96 points, the Standard & Poor’s 500 index opened, in drop 26.15 points, or 0.60%, to 4319.57 points and the Nasdaq Composite Index fell 144.38 points, or 1%, to 14289.45 points, before delving into the losses. according to Reuters.

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