Hot Inflation Shock Sends Stocks Sliding — AI Fears, Layoffs and Market Stress Rattle Wall Street
Stocks fell sharply on Friday after a hotter-than-expected inflation report added fresh pressure to an already uneasy market, deepening investor concerns about artificial intelligence spending, layoffs, and stress in parts of the financial system. The Dow Jones Industrial Average dropped 521.28 points, or 1.05%, closing at 48,977.92. The S&P 500 slipped 0.43% to 6,878.88, while … Read more