U.S. stock indexes fell Wednesday after a report showed weakness in the housing sector, adding to concerns about inflation and interest rates.

The Dow Jones Industrial Average was down 0.2%, the S&P 500 fell 0.4%, and the Nasdaq Composite declined 0.5%.

The Commerce Department reported that housing starts fell 14.6% in November, the largest drop in more than a year. The report also showed that building permits, a sign of future construction, fell 2.8%.

The housing data added to concerns about the economy, already rattled by worries about inflation and the Federal Reserve’s interest rate policy. The Fed is scheduled to meet next week to decide whether to raise rates again.

“The market is worried about a slowdown in the economy,” said John Smith, chief investment officer at ABC Capital. “The housing numbers were very weak, and that’s weighing on sentiment.”

Oil prices also fell Wednesday, adding to the negative tone in the market. Light sweet crude was down $1.00 to $62.00 a barrel.

Among the stocks moving lower were homebuilders, retailers, and financial companies.

On the upside, shares of technology companies rose after Intel raised its revenue forecast for the fourth quarter.

Overseas, European markets were mixed, while Asian markets closed lower.

Investors are now awaiting further economic data, including reports on consumer spending and durable goods orders, to get a clearer picture of the economy.