As inflation reaches a 40-year high, the Dow drops 880 points
The Dow closes down 880 points for the day, or 2.5%. The S&P 500 shed 2.7% and the Nasdaq dropped about 3%. The May consumer price index rose 8.6% year-over-year, its highest level since 1981. The Dow (INDU) plunged after a key expansion report missed gauges and showed a higher-than-expected expansion in the cost of … Read more