U.S. stocks finished lower on Wednesday, as all three major indexes tumbled over 1.5 percent. In world markets, European stocks finished sharply lower, led by the CAC 40 in France falling 1.4 percent. Asian markets ended mixed, as the Shanghai Composite fell 0.9 percent and the Nikkei in Japan rose 0.3 percent. In U.S. economic news, the Consumer Price Index rose 0.2 percent in May, the Labor Department said-that is down from April's 0.4 percent increase. Food costs rose 0.4 percent, but energy costs fell 1 percent. Meanwhile, U.S. industrial output rose 0.1 percent in May as supply-chain disruptions from the Japan earthquake hit the auto sector for a second consecutive month, the government reported. The Federal Reserve (Fed) said factory production rose 0.4 percent last month despite a 1.5 percent decline in auto production. --More
