Stock market news: NASDAQ 100 and DJIA both down by 0.16% and 0.50% simultaneously amid increased inflation in the U.S.

As of 12:10 PM EST, top indices in Wall Street have continued to decline on Wednesday after the stock market got hit by the latest inflation data that revealed inflation in the U.S. reached 3% in January. 

On Wednesday, Wall Street showed negative momentum as the S&P 500 stood at 6,051.60 USD, reflecting a decline of 0.28%. While, the tech-heavy NASDAQ 100 Index saw a modest dip to 21,657.95 USD, marking a 0.16% decrease. 

Meanwhile, the Dow Jones Industrial Average Index experienced the steepest drop among all the indices, after falling 0.50% to settle at  44,371.77 USD. The NASDAQ Composite Index also joined the list as it slipped slightly, while it was down 0.19% to reach 19,607.42 USD.

Disclaimer: This article is for informational purposes only and does not constitute any financial advice.