U.S. indices were trading lower Thursday following comments from St. Louis Fed President James Bullard indicating he favors a 1% rate increase by July 1. Investors also continue to react to worse-than-expected inflation data from earlier in the trading session.
- The Nasdaq composite fell by 2.1% to 14,185; The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) fell by 2.3% to $358.43
- The S&P 500 composite finished lower by 1.8% to 4,504; The SPDR S&P 500 ETF Trust (NASDAQ:SPY) lost 1.8% % to $449.32
- The Dow Jones composite fell 1.7% to 11,726; The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished lower by 1.4% to $352.55
