August inflation report<\/a> came in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.<\/p>\n\n\n\nThe Dow Jones Industrial Average slid 845 points, or 2.6%. The S&P 500 dropped about 3%, and the Nasdaq Composite sank 3.9%. More than 490 stocks in the S&P 500 fell, with Facebook-parent Meta dropping 7.9% and Caesars Entertainment losing 7.3%.<\/p>\n\n\n\n
The drop erased a large chunk of the recent rally for stocks, but the S&P 500 is still up about 2% from its Sept. 6 close of 3,908 and comfortably above its mid-June levels, when it fell below 3,700.<\/p>\n\n\n\n
<\/h2>\n\n\n\n\n\n
\u201cThe velocity of this move has been breathtaking, however the market has recovered substantially off of recent lows. That this 4,000 level is still holding for the S&P 500 does reveal the fact that markets are bothered, but markets are not panicking,\u201d said Jeff Kilburg, founder and CEO of KKM Financial.<\/p>\n\n\n\n
<\/p>\n\n\n\n
Stocks continue to fall<\/h2>\n\n\n\n
The losses for stocks have steadily deepened since the market open, with the Dow now off more than 800 points and the S&P 500 down nearly 3%. Facebook-parent Meta has dropped more than 7% and is one of the worst performers in the S&P 500.<\/p>\n\n\n\n
<\/h2>\n","protected":false},"excerpt":{"rendered":"
LOOK OUT BELOW !! SEE WHAT JOE BIDEN’S POLICIES HAVE DONE TO US? Stock sell-off deepens, Dow drops 800 points after hot inflation report Stocks fell sharply on Tuesday after a key August inflation report came in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve. The Dow Jones Industrial Average […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2522","post","type-post","status-publish","format-standard","hentry","category-daily-news"],"_links":{"self":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2522"}],"version-history":[{"count":1,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2522\/revisions"}],"predecessor-version":[{"id":2523,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2522\/revisions\/2523"}],"wp:attachment":[{"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}