The US stock market experienced a downturn today, with all three major indexes closing lower. Investors reacted to ongoing concerns about inflation and potential interest rate hikes by the Federal Reserve. The S&P 500 led the decline, dropping by 0.99%. The technology-heavy Nasdaq Composite followed, falling by 1.57%, reflecting weakness in tech stocks. The Dow Jones Industrial Average fared slightly better but still closed down 0.23%. Analysts suggest that uncertainty surrounding upcoming economic data and corporate earnings reports contributed to the market's negative performance. Investors are closely watching for signals about the Fed's next moves to combat inflation, which could further impact stock valuations. The market's volatility is expected to continue in the short term. ```