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Most of Wall Street sinks after inflation worsens

  • The Dow Jones Industrial Average dropped by 150 points on Wednesday after inflation data was higher than expected, according to reports.
  • The Bureau of Labor Statistics reported that the Consumer Price Index increased by 0.5% last month, surpassing Wall Street's expectations of 0.3%.
  • U.S. President Donald Trump expressed on Truth Social that he believes interest rates should be lowered.
  • Shares of CVS Health Corporation rose after announcing earnings that exceeded analysts' expectations.
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  • 56% of the sources lean Left
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NY1 broke the news in New York, United States on Wednesday, February 12, 2025.
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