"Inflation Concerns Trigger Stock Market Slide: Dow, S&P 500, and Nasdaq React"

Wall Street's main indexes fell as worries over higher-than-expected inflation dampened hopes for an early start to the Federal Reserve's rate-easing cycle. Tech-heavy Nasdaq led the losses, with most megacap growth stocks under pressure. Traders are now focused on next week's Federal Reserve meeting for clues on the timing of the central bank's first interest-rate cut this year. Meanwhile, Madrigal Pharmaceuticals jumped after FDA approval for a liver disease drug, while Adobe dropped following a dour Q2 revenue forecast, and Micron Technology gained after a price target lift.