NEW YORK (AP) — Stocks are slipping on Wall Street Tuesday after the head of the Federal Reserve warned it could increase the size of its hikes to interest rates if pressure on inflation stays hotter than expected.
The S&P 500 was 0.6% lower in morning trading. The Dow Jones Industrial Average fell 172 points, or 0.5%, to 33,257, as of 10:50 a.m. Eastern time, while the Nasdaq composite was 0.4% lo…