NEW YORK (AP) — Stocks fell on Wall Street Thursday as investors reviewed the latest economic data and corporate earnings amid lingering concerns about inflation and rising interest rates.
The S&P 500 fell 1%, the Dow Jones Industrial Average fell 0.1%, and the Nasdaq fell 1.9%.
Investors again turned their attention to the drama surrounding Tesla founder and CEO Elon Musk and Twitter.
Musk offered to buy the social media company for $54.20 a share, two weeks after revealing he’d accumulated a 9% stake.
The Commerce Department said retail sales rose 0.5% in March, as consumers continue to spend despite high inflation.
