US Stocks Fall Amid Strong Economic Report
US stocks are experiencing a decline after oil prices halted their slide and a strong report on U.S. business activity raised concerns about inflation.
The S&P 500 sank 0.8% below its record set last month, with the Dow Jones Industrial Average down 348 points, or 0.7%, as of 1:08 p.m. Eastern time.
The Nasdaq composite was also down 1.3% from its own all-time high.