The Dow Jones dropped over 500 points due to higher-than-expected US inflation rates in March.
The Dow Jones dropped over 500 points after the US reported higher-than-expected inflation rates for March. This sharp decline was driven by increases in consumer prices, rising 3.5% from the previous month, the highest annual gain in six months. Investors worry that this unexpected rise will delay the Federal Reserve's plans for rate cuts, which could impact the stock market and the economy.
April 10, 2024
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