U.S. stock indices opened the second consecutive trading with a decline amid investors’ concerns about inflation.

The Dow Jones Industrial Average fell by 0.82% to 31571.86 points by 17:05 MSC.

Standard & Poor’s 500 fell by 1.14% to 3890.44 points from the market opening.

The Nasdaq Composite index fell 1.29% to 11218.2 points.

Market participants are worried that the Fed’s plan to combat the record for 40 years rise in consumer prices could trigger a recession in the U.S. economy, Barron’s writes.

According to the report of the Ministry of Labor of the country, the rate of increase in annual inflation in the U.S. in April slowed down a bit, but still turned out to be more than experts expected.

Producer prices in the U.S. in April rose by 11% in annual terms after climbing to a 12-year high of 11.5% in March, data released Thursday by the country’s Labor Department showed. Experts surveyed by Trading Economics had on average expected manufacturing inflation last month at 10.7%.

The number of Americans applying for unemployment benefits for the first time rose by 1,000 to 203,000 last week, according to a report from the U.S. Department of Labor. Analysts surveyed by Trading Economics on average expected the number of applications to decrease to 195 thousand from the previously announced level of 200 thousand.

Corporate reports also remain in the center of investors’ attention.

The capitalization of Walt Disney Co. decreases by 5.6%. Disney’s net income in the past quarter fell by 48%, and the adjusted figure, as well as revenue, failed to meet market forecasts.

The share price of electric car maker Rivian Automotive Inc. falls 3.5%. The company’s net loss nearly quadrupled to $1.59 billion in January-March, and revenue fell well short of experts’ expectations.

The manufacturer of plant-based meat substitutes Beyond Meat increased its quarterly net loss more than three times, while the figure was higher than analysts’ expectations. Quotes of the company’s securities fall by 20.3%.

US Foods Holding, one of the largest food manufacturers in the United States, in the first quarter reduced the net loss more than halved, but the weak forecast for the year disappointed investors. The company’s value is down nearly 1%.

Tapestry Inc., which owns fashion brands Coach , Kate Spade and Stuart Weitzman, reported higher net income and revenue in the third quarter of the current fiscal year, with adjusted earnings and revenue beating market expectations. Tapestry shares are up 10.8%.

Automotive and other vehicle repair parts and accessories supplier LKQ Corp. increases its share repurchase program by $500 million, to $2.5 billion. The company’s market value rises 1.7%.