U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.56%

U.S. stocks closed lower, with the Dow Jones Industrial Average falling 1.56%, indicating a broad market sell-off. Concerns over rising interest rates and inflation continue to pressure investor sentiment. Key sectors like technology and consumer goods saw significant declines, reflecting uncertainty in market outlook. Analysts suggest that profit-taking and worries about future earnings also contributed to the bearish trend. This decline highlights the ongoing volatility in the market as investors recalibrate their expectations.