Everybody has this wrong!
The DOW increased its value from 32,380 to 31,104.
The S&P increased its value from 4,110 to 3,932.
The NASDAQ increased its value from 12,266 to 11,633.
As to inflation, Pedo Hitler and the destructocrats are already marking up a new bill to spend trillions of borrowed dollars to get the inflation that was not addressed in the Inflation Reduction Act. Biden said "I don't care how much money we have to spend to get inflation under control."