U.S. stocks close lower following new inflation data

NEW YORK, Aug. 29 (Xinhua) -- U.S. stocks closed lower on Friday as fresh inflation data highlighted that rising prices remain a concern heading into the new month.

The Dow Jones Industrial Average dropped 92.02 points, or 0.2 percent, to 45,544.88. The S&P 500 declined 41.6 points, or 0.64 percent, to 6,460.26. The Nasdaq Composite Index fell 249.61 points, or 1.15 percent, to 21,455.55.