Apple swoons, Nasdaq falls more than 3% amid historic U.S. inflation

Apple and other U.S. stocks ended sharply lower on Wednesday, with the Nasdaq dropping more than 3% and the Dow falling for a fifth straight day after historic U.S. inflation data did little to ease investor worries over the outlook for the American economy.Caroline Valetkevitch for Reuters:The benchmark S&P 500 lost 1.7% and is now down 18% from its Jan. 3 record closing high.
The Labor Department’s monthly consumer price index (CPI)… increased 0.3% last month, the smallest gai