U.S. stocks drop as inflation hits four-decade high

NEW YORK, April 12 (Xinhua) -- U.S. stocks fell on Tuesday as data showed U.S. inflation surged to a four-decade high in March.

The Dow Jones Industrial Average decreased 87.72 points, or 0.26 percent, to 34,220.36. The S&P 500 was down 15.08 points, or 0.34 percent, to 4,397.45. The Nasdaq Composite Index fell 40.39 points, or 0.30 percent, to 13,371.57.