Most U.S. stocks fell Wednesday after a report showed inflation is unexpectedly worsening for Americans. The Standard & Poor's 500 dropped 0.3%, though it had been on track for a much worse loss of 1.

Markets took a sharp downward turn on Wall Street after U.S. government data Wednesday showed that inflation accelerated last month. Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq all fell at least 1% less than an hour before the opening bell.

Most U.S. stocks fell after a report said inflation is unexpectedly worsening for Americans. The S&P 500 dropped 0.3% Wednesday, though it had been on track for a much worse