Stocks Mixed as Inflation Worries Weigh on Markets

U.S. stocks were mixed Thursday, extending a streak of volatility in a market driven by worries that the Federal Reserve will hamper growth in its effort to bring inflation under control.

The S&P 500 declined 0.1% in 4 p.m. trading, after closing down 1.6% on Wednesday. The Dow Jones Industrial Average fell 0.3%, or about 104 points. The Nasdaq Composite Index edged up less than 0.1%.

President Joe Biden blamed high inflation on pandemic disruptions to the economy and Russia's invasion of Ukraine

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Cheer up!

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