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Markets shudder in the face of dashed inflation hopes;  Dow falls 1250

Markets shudder in the face of dashed inflation hopes; Dow falls 1250

NEW YORK (AP) — The Dow Jones Industrial Average fell more than 1,250 points on Tuesday, its biggest selloff in more than two years, after a government report showed inflation is maintaining a surprisingly strong grip on the American economy. The S&P 500 fell 4.3%, its biggest decline since June 2020. The Dow Jones fell …

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Stocks fall on dashed inflation hopes;  The S&P 500 loses 3%

Stocks fall on dashed inflation hopes; The S&P 500 loses 3%

NEW YORK — Stocks tumble and disappointment hits markets around the world on Tuesday, following the sudden realization on Wall Street that inflation is not slowing as much as hoped. Them&P 500 was down 3% in afternoon trading, threatening to snap a four-day winning streak. Bond prices also fell sharply, pushing up their yields, after …

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