Wall Street closes lower as economic data raises long-term inflation threat
2021-11-11 10:41:21 source：CGTN
November 11, 2021
The Wall Street ended the session in negative territory on Wednesday as investor risk appetite was curbed by surging consumer prices, which stoked worries of a protracted wave of hot inflation.
All three major U.S. stock indexes lost ground, extending their losses throughout the trading day and adding to Tuesday's sell-off which snapped the S&P 500's and Nasdaq's eight-session runs of all-time closing highs.
"It's not surprising after what was truly a historic run for the market to take a pause," said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky. "But we do think there are enough tailwinds heading into year-end to move the market higher."
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