Stocks Drop, Bond Yields Rise After Inflation Data

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Stocks fell, with the Dow down more than 500 points, and bond yields rose after data showed another acceleration in inflation

Stocks fell and bond yields rose after data showed another acceleration in inflation, taking it toThe S&P 500 was down 1.

3% as losses accumulated again in afternoon trading, dragging the broad benchmark back toward its session lows. The Dow Jones Industrial Average also fell, shedding 1.1%, while technology stocks were hit harder, pulling the Nasdaq Composite down 1.4%.

 

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Where are the liberal mining saying thank you Joe? Must be they missed that lecture whereby the President (no President) controls the economy. It's big, it's complicated, and needs independent moderates to make it work like a well-oiled machine.

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