By AP News Published Aug 9, 2023 01:22 pm Stocks closed lower as Wall Street waited for a highly anticipated report on inflation that's arriving the following day. The S&P 500 lost 0.7% Wednesday, and has now dropped six of the last seven days. The Dow lost 191 points, or 0.5%, after flipping between gains and losses through the day. The Nasdaq composite fell 1.2%. Companies are continuing to report better-than-expected profits for the spring. Taser maker Axon Enterprise jumped following its report.

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