New York CNN —
Stocks slipped Tuesday after fresh data raised concerns that inflation will remain sticky.
The Dow fell 571 points, or 1.5%. The S&P 500 declined 1.6% and the Nasdaq Composite lost 2%. All three major indexes closed out April lower, snapping a five-month streak of gains. The blue-chip Dow notched its worst month since September 2022.
The Employment Cost Index rose a seasonally adjusted 1.2% last quarter, faster than the 0.9% increase the prior quarter, according to the Bureau of Labor Statistics.
Investors worry that accelerated compensation growth may serve as an
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