Morning Report: US sharemarkets were weaker on Wednesday

By Tom Piotrowski | More Articles by Tom Piotrowski

Investors were awaiting key inflation data to be released on Thursday. Also Reuters noted “the churn of favored ‘meme’ stocks, or heavily shorted stocks involved in a social media-driven retail frenzy, continued its rotation, with Aethlon Medical soaring by 388.2%.” At the close of trade, the Dow was lower by 153 points or 0.4%. The S&P 500 index fell by 0.2%. And the Nasdaq index was lower by 13 points or 0.1%.