Wall Street closed lower as worries rise about the strength of the global economy and inflation.
The S&P 500 fell 0.6 percent Wednesday. The Nasdaq composite fell a similar amount, and the Dow Jones Industrial Average fell 0.4 percent. Markets in Asia fell even more following discouraging data on manufacturing in China.
In the United States, economic data were mixed. A strong report on the job market raised expectations for the Federal Reserve to raise interest rates again in two weeks. But a later speech by a Fed official calmed those worries. The S&P 500 ended May with a slight gain….