"Inflation Sparks Stock Market Sell-Off: Dow Plunges 700 Points as Prices Rise"

The stock market experienced sharp losses following a hot CPI inflation report and negative earnings reactions from various companies. Dow Jones futures were little changed overnight, with Lyft, Robinhood, Akamai Technologies, and Airbnb headlining overnight earnings. Lyft's earnings and guidance impressed, causing its stock to jump more than 50%, while Robinhood's earnings beat views, with its stock jumping in overnight trade. The market rally suffered significant losses, with investors advised to review their positions and be prepared to act as a deeper pullback or correction could create new buying opportunities.