Mumbai, March 2 -- The Dow slumped 521.28 points (1.1%) to 48,977.92, the Nasdaq slid 210.17 points (0.9%) to 22,688.21 and the S&P 500 fell 29.98 points (0.4%) to 6,878.88.

U.S. stocks ended the week lower, with the Dow falling 1.3%, the Nasdaq sliding 1% and the S&P 500 down 0.4%, as weaker sentiment followed a hotter-than-expected inflation reading. The Labor Department reported producer prices rose 0.5% in January after a revised 0.4% gain in December, exceeding expectations for a 0.3% increase. On an annual basis, producer price growth eased slightly to 2.9%, compared with 3% the previous month.

Market analysts noted that concerns about inflation resurfaced after weeks dominated by discussions over AI-related disruptions in the lab...