Stock market today: An ugly April for Wall Street is closing with some more losses
NEW YORK (AP) — U.S. stocks are falling Tuesday after the latest hotter-than-forecast reading on the economy raised more worries about inflation and interest rates staying high.
The S&P 500 was 0.7% lower in midday trading and on track to close out its first losing month in the last six. It’s lost momentum since setting records through the early part of the year, and April is on pace to be its worst month since September.