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Wall St posts biggest plunge in two years following inflation data

Summary by Ground News
The sell-off knocked the benchmark S&P 500 3.7% lower in afternoon trading. Bond prices also fell sharply after a report showed inflation decelerated only to 8.3% in August. The hotter-than-expected reading has traders bracing for the Federal Reserve to ultimately raise interest rates even higher than expected.
3 months ago·New York, United States

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Worst day for US markets since June 2020; Dow Jones plunges 1,276 pts after hot inflation data

Wall Street equities took a beating Tuesday following disappointing US inflation data, ending the day with steep losses on the worst trading day in weeks. The benchmark Dow Jones Industrial Average plunged nearly 1,300 points, a 3.9 per cent loss to finish the session at 31,104.97. The broad-based S&P 500 dropped 4.3 per cent to 3,932.69, while the tech-rich Nasdaq Composite Index collapsed 5.2 per cent to 11,633.57.

2 months ago·Mumbai, India
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Wall Street Tumbles to Biggest Loss in Two Years Following CPI Data

A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the coming months.

2 months ago·India
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Wall St tumbles to biggest loss in two years following CPI data

A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the coming months.

3 months ago·United Kingdom
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Stocks tumble after disappointing report shows inflation still hotter than expected; S&P 500 down 2%, Dow drops 530

Stocks tumble after disappointing report shows inflation still hotter than expected; S&P 500 down 2%, Dow drops 530.

3 months ago·United States
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Stocks tumble after disappointing report shows inflation still hotter than expected; S&P 500 down 2%, Dow drops 530

Stocks tumble after disappointing report shows inflation still hotter than expected; S&P 500 down 2%, Dow drops 530

3 months ago·United States
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Asian markets fall, following US markets' worst day since June 2020

Markets in Asia Pacific fell on Wednesday, following a major drop in US markets as investors reacted to American inflation going higher than expected.

2 months ago·Atlanta, United States
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