[Breaking] New York Stock Market Closes Lower Amid Expected Higher Inflation... Nasdaq Down 0.7%

[Asia Economy New York=Special Correspondent Joselgina] Major indices of the U.S. New York stock market all closed lower on the 9th (local time) as concerns over tightening persisted following a Producer Price Index (PPI) that exceeded expectations.

On this day in the New York stock market, the Dow Jones Industrial Average closed down 0.91% compared to the previous session. The S&P 500, focused on large-cap stocks, fell 0.74%, and the tech-heavy Nasdaq index closed down 0.70%.