U.S. stocks closed sharply lower on Wednesday, ending the negative month of February on a down note as concerns over inflation and interest rates continued to drive trading. The Dow Jones Industrial Average fell 388 points, or 1.5%, to 25,024. The S&P 500 slid 31 points, or 1.1%, to 2,714. The Nasdaq Composite Index fell 57 points, or 0.8%, to 7,273.
The day's trading was volatile, with all three major indexes erasing early gains and ending near their lows of the session. For the month, the Dow fell 4.3% while the S&P shed 3.9% and the Nasdaq lost 1.9%. February represented the biggest one-month percentage decline for the Dow and the S&P since January 2016, and it ended a 10-month streak of gains for both.
Source : Marketwatch