CNBC reports:
Stocks fell Thursday morning and the S&P 500 fell to its lowest level since 2020 after a key consumer inflation report came in hotter than expected, signaling that the Federal Reserve will likely continue with aggressive interest rate hikes.
The Dow Jones Industrial Average fell 233 points, or 0.82%, and also briefly hit its lowest intraday level since November 2020. The S&P 500 slipped 1.27% and the Nasdaq Composite slumped …
The post CNBC: Dow drops 200 points, S&P 500 falls to the lowest since 2020 after another hot inflation report appeared first on The Loadstar.
