US StockS-Wall Street closes slightly as investors disappointed with US inflation figures

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US StockS-Wall Street closes slightly as investors disappointed with US inflation figures

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  • Apple shares were the biggest weight on the Nasdaq and S&P 500 indexes. According to preliminary data, the S&P 500 lost 65.51 points, or 1.64%, to end at 3,935.54 points, while the Nasdaq Composite lost 370.94 points, or 3.16%, to 11,366.73. The Dow Jones Industrial Average fell 325.42 points, or 1.01%, to 31,835.32. “There is much focus right now on Apple,” Krosby said. “Given its weighting, Apple is the bellwether for the market from many perspectives.” Energy shares were up and helped to limit some of the declines in the S&P 500 and Dow. Investors are anxious to see more data on inflation Thursday, when U.S. producer price index data is due. Stocks are down sharply this year following concerns about how aggressively the central bank may need to raise interest rates, and over the Ukraine war and the latest coronavirus lockdowns in China. Coinbase Global Inc slid after its first-quarter revenue missed estimates amid turmoil in global markets that has curbed investor appetite for risk assets.