Shanghai stocks plummeted 6.6 percent on Wednesday, marking their worst single-day drop since February 2020. The steep decline came as investors grew frustrated with the Chinese government's failure to deliver more robust economic stimulus.

By ZIMO ZHONG and MATT OTT Wall Street ticked modestly lower early Wednesday following another plunge in Chinese markets over concerns about skimpier-than-expected stimulus spending out of

U.S. stocks edged back from their records Thursday after reports showed inflation was a touch warmer last month than expected and more workers filed for unemployment benefits last week. The S&P 500 slipped 0.