Stock market news live updates: Stock futures fall as inflation concerns persist

U.S. stocks dropped on Wednesday, with the S&P 500 and Dow looking to give back gains after rising for back-to-back sessions. The S&P 500 dropped by about 1% Wednesday afternoon in New York. The Dow Jones Industrial Average shed more than 250 points, or 0.9%, while the Nasdaq Composite fell by 0.6%. All three major…