Wall Street slides on renewed inflation worries

Wall Street’s main indexes have fallen over concerns about sticky inflation as investors awaited the Federal Reserve’s report on the US economy for clues on the bank’s interest rate path.

Apple was the biggest drag across the three major indexes, down 2.6 per cent after a report said China had banned officials at central government agencies from using iPhones and other foreign-branded devices for work.


Subscribers with digital access can view this article.

Already a subscriber?

Source link