Markets shudder in the face of dashed inflation hopes; Dow falls 1250

Markets shudder in the face of dashed inflation hopes; Dow falls 1250

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NEW YORK (AP) — The Dow Jones Industrial Average fell more than 1,250 points on Tuesday, its biggest selloff in more than two years, after a government report showed inflation is maintaining a surprisingly strong grip on the American economy. The S&P 500 fell 4.3%, its biggest decline since June 2020. The Dow Jones fell …

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