Stocks gave up more ground Thursday, leaving major indexes on Wall Street deeper in the red for the week.
The S&P 500 fell 1.1 percent after another wobbly day of trading. The benchmark index is now down 4.1 percent for the week following the biggest pullback for the market in more than two years on Tuesday.
The Dow Jones Industrial Average fell 0.6 percent and the Nasdaq composite slid 1.4 percent. The Russell 2000 index of smaller companies closed 0.7 percent lower.
New retail sales data gave a mixed view of how consumers are coping with the hottest inflation in four decades. The government report showed that retail sales rose an unexpected 0.3 percent in August after falling 0.4 percent in July. Inflation hurt several areas of spending, though, with business at restaurants still growing, but at a slower pace, while furniture and online sales fell….