WYNN - Equities Sink Ahead of Inflation Report

Stocks fell Wednesday as Wall Street awaited fresh inflation data coming later in the week.

The Dow Jones Industrials stumbled 190.54 points to end Wednesday at 35,123.95.

The S&P 500 dipped 31.67 points to 4,467.71.

The NASDAQ index fell 162.31 points, or 1.2%, to 13,722.02.

The NASDAQ has lost 4.4% since August began, while the S&P 500 ditched 2.6%,and Dow has slid1.2%. With Wednesday's retreat, the

NASDAQ has moved into negative territory on the quarter. Still, all three indexes are notably higher than where each began 2023.

Penn Entertainment jumped 9.1% after the casino company said it's launching an online sportsbook with ESPN, called ESPN Bet, this fall.

Roblox tumbled close to 22% after missing Wall Street expectations for its second quarter.

Those moves precede a much-anticipated U.S. inflation report, with July's reading of the consumer price index slated for release Thursday.

Investors have kept an eye on the index in recent months for potential insights into how the Federal Reserve will move interest rates going forward. Economists polled by Dow Jones expect the inflation gauge rose 3.3% in July.

Entertainment giant Disney and casino operator Wynn Resorts are slated to post quarterly results after the close. More than 90% of S&P 500 stocks have reported earnings as of Wednesday morning, and about four-fifths of those who have posted results have exceeded Wall Street's expectations.

Prices for the 10-year Treasury gained slightly, lowering yields to 4% from Tuesday's 4.02%. Treasury prices and yields move in opposite directions.

Oil prices grabbed $1.28 to $84.30 U.S. a barrel.

Gold prices fell $10.90 to $1,949 U.S. an ounce.