Dow Plummets Amid Rising Yields and Inflation Worries
TL;DR Summary
The Dow Jones Industrial Average has dropped 1,000 points over the past three days due to disappointing earnings from Salesforce, concerns about inflation, and stronger-than-expected economic data. The S&P 500 and Nasdaq Composite also fell, driven by declines in tech stocks like Nvidia. Investors are worried that robust economic data might prompt the Federal Reserve to maintain higher interest rates to combat inflation. The market is now focused on the upcoming Personal Consumption Expenditures index release, the Fed's preferred inflation measure.
- Why the Dow has fallen 1,000 points in the last three days CNN
- Rising Treasury yields rattled the stock market. Relief may be on the way. MarketWatch
- Stock Market Today: Dow Falls More Than 350 Points; Best Buy, Salesforce in Focus The Wall Street Journal
- S&P 500 Pricing Resumes After Glitch on GDP Day: Markets Wrap Yahoo Finance
- Stocks fall as Salesforce drops and investors brace for inflation data: Live updates CNBC
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