Wall Street drifts lower after a hotter than forecasted PPI inflation print

MSN
2026.05.13 15:15
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Wall Street's major indices fell on Wednesday following a higher-than-expected wholesale inflation report. The Dow dropped by 0.3%, the S&P 500 decreased by 0.1%, and the Nasdaq Composite also fell by 0.1%. Six out of the eleven S&P sectors were in the negative territory, indicating a broad market decline.