Stock market today: Wall Street ends lower ahead of inflation report
Stocks closed lower as Wall Street waited for a highly anticipated report on inflation that's arriving the following day. The S&P 500 lost 0.7% Wednesday, and has now dropped six of the last seven days. The Dow lost 191 points, or 0.5%, after flipping between gains and losses through the day. The Nasdaq composite fell 1.2%. Companies are continuing to report better-than-expected profits for the spring. Taser maker Axon Enterprise jumped following its report. But more attention is on Thursday's inflation data, which investors hope will give the Federal Reserve reason to halt its hikes to interest rates.