Markets shudder on dashed inflation hopes; Dow falls 1,250
Markets shudder on dashed inflation hopes; Dow falls 1,250
By STAN CHOE and ALEX VEIGA
NEW YORK (AP) — Stocks tumbled to their worst day in more than two years Tuesday, knocking the Dow Jones Industrial Average down more than 1,250 points, following Wall Street’s humbling realization that inflation is not slowing as much as hoped.
The S&P 500 sank 4.3%, its biggest drop since June 2020. The Dow fell 3.9% and the Nasdaq composite closed 5.2% lower. The…
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