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Consumer prices rise unexpectedly in August, sending stock market tumbling

Por: ABC News Business September 17, 2022

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A hotter-than-expected inflation report on Tuesday sent the stock market tumbling.The Dow Jones Industrial Average fell more than 1,200 points, which amounted to a nearly 4% drop, making it the index's worst day since June 2020. Meanwhile, the S&P 500 — the index to which many 401(k)s are pegged — dropped more than 4%, its worst day of 2022. The tech-heavy Nasdaq plummeted more than 5%.Inflation data released on Tuesday revealed that... + full article



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