U.S. stocks fall on concerns over rate hike, recession
NEW YORK, April 12 (Xinhua) -- U.S. stocks ended lower on Wednesday as concerns over another rate hike in early May and economic recession dampened short-lived optimism from the lower-than-expected inflation in March.
The Dow Jones Industrial Average was down 38.29 points, or 0.11 percent, to 33,646.50. The S&P 500 fell 16.99 points, or 0.41 percent, to 4,091.95. The Nasdaq Composite Index decreased 102.54 points, or 0.85 percent, to 11,929.34.
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