Stock Market Plummets as Inflation Surges, Dow Drops 440 Points
1626+ Words Refined into 7 Facts by AI • 1 source • 47m ago
Show Full Summary
- The Dow Jones fell 440 points, or 1%, amid inflation concerns.
- Inflation rose 3% in January, driven by higher grocery prices.
- The 10-year Treasury yield surpassed 4.6% for the first time in weeks.
- Market expectations for rate cuts have shifted to fourth quarter 2025.
- The 12-month CPI reading accelerated to 3%, above expectations.
- Investors await the January CPI print to gauge Fed rate cuts.
- The Cboe Volatility Index indicates a calm market mood despite inflation.
The sources of this summary are listed below. Click to view.