The Dow Jones Industrial Average fell 1%, over 300 points, while the S&P 500 lost 0.8% and the tech-heavy Nasdaq Composite 0.2%.
on Wednesday as disappointing quarterly results from major retailers sparked fears about inflation causing an economic slowdown. Shares of Kohl’s fell up to 5% before paring back losses after it became the latest retailer to post disappointing quarterly results, similarly citing inflationary pressures and adding to reinvigorated fears that American consumers are feeling the impact of surging prices.
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