Dow Plunges 500 Points As ‘Market Anxiety’ Returns After Latest Inflation Surge

The red-hot inflation data also sent government bond yields surging higher: The ten-year Treasury note briefly jumped above 2% on Thursday, its highest level since August 2019 and up from 1.5% in December.

Big Tech and other growth stocks came under pressure following the inflation data, with shares of Amazon and Microsoft each down 1% or more, while shares of bank stocks rose on the prospect of higher interest rates. Solid earnings reports from several companies helped limit the market’s downside, however: Entertainment giant Disney rose over 3% and soft drink maker Coca Cola nearly 1%.“With another surprise jump in inflation in January, markets continue to be concerned about an aggressive Fed,” says Barry Gilbert, asset allocation strategist for LPL Financial.

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Stocks Drop, Bond Yields Rise After Inflation DataStock benchmarks fell and bond yields rose after data showed another acceleration in inflation, which hit a new-four-decade high. Love it 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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