(CNBC) — Stocks fell Wednesday as recession concerns weighed on Wall Street, even as traders assessed the release of cooler-than-expected inflation data.
The Dow Jones Industrial Average shed 38.29 points, or 0.11%, to 33,646.50. Earlier in the day, the index was up by more than 200 points. The S&P 500 declined 0.41% to 4,091.95. Meanwhile, the Nasdaq Composite fell by 0.85% to 11,929.34.
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Those moves come after minutes from the Federal Reserve’s March policy meeting showed officials feared the economy could tilt into a mild recession later this year in the wake of the U.S. banking crisis.
