NEW YORK—Stocks wavered in morning trading on Wall Street as investors received another dire readout on inflation.
The S&P 500 fell 0.4 percent as of 10:26 a.m. Eastern. The Dow Jones Industrial Average fell 142 points, or 0.5 percent, to 31,814 and the Nasdaq was little changed.
Technology stocks were among the biggest weights pressing on the broader market and tempering gains elsewhere. Apple fell 1.8 percent and Microsoft fell 1.4 percent.
Retailers gained ground, along with household goods companies. Amazon rose 1.6 percent and Walmart rose 1.5 percent.
The yield on the 10-year Treasury fell to 2.86 percent from 2.92 percent.
Major indexes are all in the red for the week as investors worry about rising inflation, rising interest rates, and their impact on the economy.
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