The Dow falls nearly 800 points when inflation hits the 40-year high
The Dow (INDU) fell nearly 800 points on Friday afternoon after a key inflation report failed to take estimates and showed a higher-than-expected rise in the price of consumer goods. The May consumer price index rose 8.6% year-on-year, the highest level since 1981. Economists had forecast an 8.3% increase. The underlying index, which excludes fuel …
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