US stocks sink as inflation gets worse

NEW YORK (AP) — Worries about worsening inflation are weighing on Wall Street Wednesday and pulling the U.S. stock market further from its record.The S&P 500 dropped 0.9% and was on track for a fifth loss in the six days since setting its all-time high. The Dow Jones Industrial Average was down 88 points, or 0.2%, as of 11:45 a.m. Eastern time, and the Nasdaq composite was 1.3% lower.Stocks felt pressure from rising yields in the bond market, where worries grew after a report said U.S. consumers had to pay prices for fuel, food and other costs of living last month that were 3.7% higher overall than a year earlier. That means inflation accelerated from its 3.4% rate in August and was worse than the 3.6% that economists expected.Inflation has remained more painful than anyone would like since the economy launched out of the crevasse created by the COVID-19 pandemic. It’s breathed in new life recently because of jumps in fuel prices caused by the war with Iran, and the price for a barrel