Dow Drops 600 Points Ahead Of Looming Inflation Report

Stocks tumble as rate pressures grow, inflation report looms

Wall Street’s losses accelerated as the closing bell for trading approached, with traders scrambling to get in last moves ahead of a highly anticipated report on U.S. inflation due Friday morning.

US stocks tumble as rate pressures grow, inflation report looms

The S&P 500 sank 2.4%, putting it on track for its ninth losing week in the last 10. The Dow Jones Industrial Average fell 1.9%, and the Nasdaq composite lost 2.7%. Investors have been searching for signs that inflation may have already passed its peak, which would be good for markets because it could mean a less aggressive Fed.

Stocks tumble as rate pressures grow, inflation report looms

Stocks on Wall Street tumbled Thursday following the latest reminder that central banks now care more about fighting inflation than propping up markets. The S&P 500 dropped 2.4%, putting it on track for its ninth losing week in the last 10.

Stocks tumble as rate pressures grow, inflation report looms

NEW YORK (AP) — Stocks on Wall Street tumbled Thursday following the latest reminder that central banks now care more about fighting inflation than propping up markets.The S&P 500 sank 2.4%, putting it on track for its ninth losing week in the last 10. The Dow Jones Industrial Average fell 1.9%, and the Nasdaq composite lost 2.7%.Wall Street’s losses accelerated as the closing bell for trading approached, with traders scrambling to get in last m…

Stocks tumble as rate pressures grow, inflation report looms

NEW YORK (AP) — Stocks on Wall Street tumbled Thursday following the latest reminder that central banks now care more about fighting inflation than propping up markets.

Stocks tumble as rate pressures grow, inflation report looms

The weakness for markets started on the other side of the Atlantic after the European Central Bank said it would raise interest rates next month for the first time in more than a decade.