Markets shudder on dashed inflation hopes; Dow down 1,000
Markets shudder on dashed inflation hopes; Dow down 1,000
By STAN CHOE and ALEX VEIGA
NEW YORK (AP) — The Dow Jones Industrial Average sank more than 1,000 points Tuesday as markets shuddered following Wall Street’s realization that inflation isn’t slowing as much as hoped.
The sell-off knocked the benchmark S&P 500 3.7% lower in afternoon trading, threatening to snap a four-day winning streak. Bond prices also fell sharply, sending their yields higher,…
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