S&P 500 ends down on hot US inflation data

The S&P 500 declined 0.27% to end the session at 6,051.97 points. The Nasdaq gained 0.03% to 19,649.95 points, while the Dow declined 0.50% to 44,368.56 points.

NEW YORK: The S&P 500 ended down on Wednesday after a hotter-than-expected US inflation reading added to worries that the Federal Reserve would not cut interest rates anytime soon, while CVS Health and Gilead Sciences rallied after upbeat quarterly reports.

Nvidia and Amazon dipped more than 1%, with the two AI computing heavyweights weighing on the S&P 500 .