Stocks plummet. Dow drops nearly 1,300 points after worrying inflation data

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JUST IN: Stocks plummet. Dow drops almost 1300 points after worse than expected inflation data.

Traders work on the floor of the New York Stock Exchange during trading on Sept. 6 in New York City. Markets slumped on Monday after the latest inflation data was worse than expected, raising fears the Federal Reserve will need to continue raising interest rates aggressively.Traders work on the floor of the New York Stock Exchange during trading on Sept. 6 in New York City.

The Dow Jones Industrial Average fell nearly 1,300 points, while the tech-heavy Nasdaq fell by about 5%, and the broad-based S&P 500 fell by about 4%.The latest consumer price index showed prices rose by 8.3% in August from a year earlier. While that was less than in June, inflation didn't slow as much as Wall Street had expected.

 

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JillRileyRadio Great. I just retired on 9/06. 😕

Chicken Little investment Co.

JenniferJJacobs The stock market isn’t the economy. These boys should grow up and stop being hysterical every 5 days.

We’re people expecting the inflation will drop? If so, you must be not living in the US. Just look at how much stuff cost.

who could have possibly seen this coming. lol. great job npr

“Worse than expected” does not mean “Bad”. Most people read only headlines so it’s important to convey the good news that inflation is very much under control. The market plunged because investors are afraid of what the fed will do, not the inflation itself.

When it hits rock bottom, buy buy buy. 😊

The Dems are trying to hand the mid-terms to the Reps, but Lindsey Graham and the old chaps just won’t let them.

Quick force the working class to take less in wages and benefits we gotta prop up the market.

Good news! I’m part of the vast majority of Americans who don’t own stock!

Perhaps this is evidence that retirements should not be ties to the stock market.

Okay good. Go Brady Go..

I'm not invested, let it drop.

OH NO! But Biden said.......

Has anyone noticed interest rates have gone up on everything but Banks have not raised the interest rates you get on your bank accounts ?🤔

If you have the means up your contributions to your 401k, you'll thank me 5 years from now

…and ALL the Republicans voted against the bill to reduce inflation and drug costs. Shame. Shame. Shame.

So does this mean we starve? Or we starve?

Correct Headline: The Biden Administration lied about inflation. Now that it's showing it's ugly head the Democrats are running away claiming they didn't do it. Yes. They did.

Surely bitcoin will stay strong! Right guys?!

Welcome to Jimmy Carter’s America. Remember, inflation is man made. Every dollar that is printed or “forgiven” without a comen aírate production of a dollar creates inflation.

is this why biden was celebrating today

Yes capitalism in near collapse while the rest of us will soldier on, sharing and caring.

Interest rates up. Asset & real estate prices down. Thunderous applause from anti-capitalists? But prices of basic necessities go up. And petro states (ie: Russia, etc...) flush with cash -- using proxies -- are probably on a buying spree. Also the cash-wealthy benefit.

Dems in power. Works every time.

Republicans deserve to lose in November

FJB

Who gives a fuck?

Jordandelmont2

هبطت جميع المؤشرات_الرئيسية الثلاثة اليوم بعد أن أثارت بيانات التضخم الأسوأ من المتوقع مخاوف من أن الاحتياطي_الفيدرالي سيحتاج إلى مواصلة رفع_أسعار_الفائدة بشكل كبير للسيطرة على الأسعار. انخفض مؤشر داو جونز بما يقرب من 1300 نقطة ، ومؤشر ناسداك بنحو 5٪ ، ومؤشر S&P 500 بنحو 4٪

Quick raise the interest rate to 100%....that will fix everything 😒

Hell yeah dude

A 0.2 % difference of reality to expectations is enough to cause S&P to drop 4% and the NASDAQ to drop 5%? This is why investment funds are a terrible system to base peoples retirements on

LttleGel

Welcome to the Biden depression, Democrats. Thank you.

Stock market goes up, stock market goes down. Doesn't make any difference to me.

An economy based on growth is an unsustainable ponzi scheme...

BidenBoom baby!

....and today the White House celebrated the 'inflation reduction act' with a celebrity rally. Food and energy costs are at an all time high with no relief in sight.

Womp womp

Oh well. Markets going to overactive either + or - depending on news.

Yikes!

That dude is thinking 'I should have retweeted that thread about the House needing to pass S.1098.'

Considering how many every day citizens are actually invested in the stock market, it means nothing.

Uhh...

Well I can tell you trickle down economics won't help us beat this. Happy to have Biden in office for this situation.

Good. Burn it down.

Can we get rid of this Ponzi Scheme financial system already? FFS

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