Dow drops by more than 500 points after a surprisingly bad inflation report
CNN -

US stocks fell sharply Wednesday morning after inflation data for March came in higher than expected. The blue-chip Dow was lower by 462 points, or 1.2%. The S&P 500 lost 1% and the Nasdaq Composite fell by 1%. US consumer prices picked up again last month, vaulting to a 3.5% increase for the 12 months ended in March, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics. That’s up considerably from February’s 3.2% rate and marks the highest...

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