Wall Street Meanders as Inflation Tops Expectations

Stocks fell, but then recovered, as inflation data raised the specter of a faster pace of interest rate increases.

Stocks opened lower on Wall Street Wednesday after new figures showed inflation rose faster than expected, raising the specter of a more intense pace of interest rate increases than investors had anticipated. But within an hour, the main indexes were in positive territory.The moves were the latest in a roller-coaster start to the year for the United States stock market. Wall Street indexes hit ...