Wall Street, FTSE 100 and European market fall amid inflation worries – as it happened

Rolling coverage of the latest economic and financial news

• Latest: Dow closes 1.3% lower, biggest fall since February
• Europe's Stoxx 600 fell 2% - biggest drop since December
• UK's FTSE 100 fell almost 2.5% today, worst since February
• Wall Street joins selloff
• China factory gate prices jumps
• Japan's Nikkei fell 3% today - worst day since February

9.33pm BST

And finally... after a rather volatile day's trading dominated by inflation worries, the US stock market has closed lower, despite a rebound in the tech sector.

The Dow Jones industrial average dropped by 473 points to end at 34,269 points, a drop of around 1.3% today.

Concerns about rising inflation intensifies, giving Dow its worst day since February https://t.co/igDeFqS80I via @WSJ pic.twitter.com/OX5pPR1tlc

U.S. stocks finished out a wild Tuesday session lower but investors bought into the drop, helping to pare the worst of the day's steep drop. Still, the Dow Jones Industrial Average booked its worst day since Feb. 26. https://t.co/GW9szpGCp2 pic.twitter.com/uSPTrO1WGV

It was one of the wildest days of the year for the U.S. stock market with technology shares as the battleground.
The Dow was down 1.36%.
The S&P 500 fell 0.87%.
The Nasdaq was down 0.09%. https://t.co/SZB0JDPdfk pic.twitter.com/rUYrGu3k5S

It was one of the wildest days of the year for the U.S. stock market with technology shares as the battleground. Big Tech took a big hit to start the day on concerns about rising inflation and high valuations. The selling eventually spread to the rest of the market as the day went on.

But in an odd twist, tech shares rebounded in the afternoon as investors went back into names like Amazon and Netflix and left the rest of the market in the red.

8.46pm BST

Here's our full story on the stock market selloff in Europe, and beyond, today:

Related: FTSE 100 shares fall sharply amid US inflation fears