Market Snapshot: Dow down 900 points as August inflation number sends stocks skidding

by | Sep 13, 2022 | Stock Market

The Dow slumped more than 1,000 points Tuesday, as stock losses accelerated led by technology stocks while bond yields soared, leaving all three equity benchmarks on track for their worst session since mid-June following an unexpected uptick in August consumer price inflation. What’s happening
The Dow Jones Industrial Average
DJIA,
-3.34%
dropped 1,022 points, or 3.2%, to 31,356.

The S&P 500
SPX,
-3.65%
was down 143 points, or 3.5%, at 3,967.

The Nasdaq Composite
COMP,
-4.45%
tumbled 530 points, or 4.3%, to 11,736.

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