CPI Report Sends Stocks Down
(New York, NY) — A key inflation report is the reason for a down day on Wall Street. Before the market opened, it was revealed the consumer price index rose six-point-two over the last 12 months. That’s the highest mark in more than 30 years. As a result, stocks had a down day. At the closing bell, the Dow Jones Industrial Average dropped 240 points to 36-080. The S&P 500 fell 39 points to 46-47. The Nasdaq lost 264 points to 15-623.