Business News›Markets›Stocks›News›US stocks tumble on hotter-than-expected inflation report; S&P 500 down 2%, Dow drops 530
US stocks tumble on hotter-than-expected inflation report; S&P 500 down 2%, Dow drops 530
Wall Street's main indexes opened sharply lower on Tuesday after data showed monthly U.S consumer prices unexpectedly rose in August, cementing bets of a third straight 75-basis-point rate hike from the Federal Reserve next week. The Dow Jones Industrial Average fell 374.84 points, or 1.16%, at the open to 32,006.50. Watch
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