Stocks slide as worries about inflation revive: Stock market news today

News Snapshot:

Stocks fell on Wall Street on Wednesday, on track for another losing day as lingering concerns about inflation spurred doubts the Federal Reserve will decide to cut interest rates any time soon. The S&P 500 (^GSPC) was down about 0.6%, while the Dow Jones Industrial Average (^DJI) dropped around 0.4%, deepening losses. The tech-heavy Nasdaq Composite (^IXIC) was down 0.9%. WTI crude oil (CL=F) is trading around its highest level since November, after touching $90 on Tuesday after Saudi Arabia and Russia stuck with output cuts. That reignited worries about "sticky" inflation and weighed on stocks, helping push all three...