Andrew Burton is a photographer.
US stocks fell as investors worried about inflation and financial results from retailers.
The three Wall Street benchmarks were all lower. Gap shares fell sharply after missing third-quarter earnings expectations, while Nordstrom shares fell sharply after missing third-quarter earnings expectations.
Labor Department data showed that weekly unemployment claims fell to the lowest level in over 50 years.
The US indexes stood at 9:30 a.m.
The S&P 500 was down.
The average price of the shares of the Jones Industrial Average was down.
The index was down 0.76%.
Bond yields moved higher because of worries about a sustained inflationary environment. The minutes from the Federal Reserve's most recent policy meeting will be released later Wednesday, which will give investors more insight into the Fed's thinking on inflation and economic growth.
The price of gold fell to $1,784 per ounce. The yield on the 10-year bond increased.
West Texas Intermediate crude fell to a price of $78.38 per barrel.
It fell to $56,151.
Business Insider has an original article.
