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Dow closes 422 points lower after a surprisingly bad inflation report

  • The Dow plunged 1.35% to 38,359, far from reaching 40,000 just weeks ago.
  • Inflation rose to 3.5% in March due to rents and gas prices, exceeding expectations.
  • Investors are uncertain about potential interest rate cuts by the Federal Reserve.
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  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
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Quartz broke the news in United States on Wednesday, April 10, 2024.
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