[Breaking] New York Stock Market Plummets Amid Retail Slump and Inflation Fears... Nasdaq Down 4.73%

[Asia Economy New York=Special Correspondent Joselgina] Major indices on the U.S. New York Stock Exchange closed lower on the 18th (local time) due to weak performance from major retail companies and fears of inflation.

On this day, the Dow Jones Industrial Average fell 3.56% compared to the previous session. The S&P 500, which focuses on large-cap stocks, dropped 4.03%, and the tech-heavy Nasdaq index closed down 4.73%.