US stock market crashes again today: Why Dow, S&P 500, and Nasdaq are down - Wall Street turns red again as inflation data calms fears but complicates the Fed outlook
US stock market crashes again today: Dow, S&P 500, and Nasdaq are down. The Dow Jones Industrial Average dropped 363.48 points (-0.73%) to 49,226.72, while the S&P 500 fell 0.39% and the Nasdaq slipped 0.44%. The main catalyst for todays volatility was the December Consumer Price Index report from the U.S. Bureau of Labor Statistics. Headline inflation rose 0.3% month over month and 2.7% year over year, exactly in line with Wall Street forecasts.
