Stocks Open Lower, Bond Yields Rise After Inflation Hits 30-Year High – The Wall Street Journal

Stocks fell after data showing that U.S. inflation hit a three-decade high added to investors’ concerns about price pressures in the global economy.

The S&P 500 dropped 0.3% a day after the broad U.S. stock index ended an eight-day streak of record closes—its longest streak of records since 1997. The blue-chip Dow Jones Industrial Average slipped 0.1%, while the tech-heavy Nasdaq Composite Index shed 0.8%.