The Dow Jones Industrial Average dived 600 points on Tuesday's hot inflation report — the Labor Department's consumer price index, or CPI. Read More...
MarketWatch
Dow futures drop 400 points, 2-year Treasury yield hits 14-year high after August inflation surprise
U.S. stock futures retreated on Tuesday as the August consumer-price index came in surprisingly hot, sending short-term Treasury yields to their highest levels since 2007, while derivatives traders priced in a 20% chance of a 100 basis-point interest-rate hike when the Fed meets later this month. Futures for the S&P 500 were down 71 points, or 1.8%, to 4,058, Nasdaq 100 futures were down 308 points, or 2.4%, to 12,515, and Dow Jones Industrial Average futures were down 416 points, or 1.3%, to 32
