US Stock Market indexes suffered their worst day at the Wall Street since July. On Wednesday, S&P 500 fell 86.51 points, or 1.1 per cent, to 7,718.94, Dow Jones Industrial Average dropped 48.62 points, or 0.1 per cent, to 51,621.48, Nasdaq composite slipped 511.51 points, or 1.9 per cent, to 26,692.87, Russell 2000 index of smaller companies was down 53.84 points, or 1.9 per cent, to 2,729.53.
A report showing inflation accelerated last month raised expectations on Wall Street that the Federal Reserve will raise interest rates. More expensive borrowing could slow the buildout of AI data centers, and AI stocks were the heaviest weights on the market. Bank of America sank after reporting a weaker profit than analysts expected.
