Yahoo headline: Stock market news live updates: Stocks log worst day since 2020 as CPI triggers meltdown
U.S. stocks nosedived Tuesday after a surprising inflation report showed prices rose more than expected last month. All three major averages logged their worst day since June 2020.
Technology stocks led the way down, with the Nasdaq Composite plunging 5.2%. Tuesday’s session marks the seventh time this year the Nasdaq slid 4% or more, per data from Bespoke Investment Group. No declines of the same size were recorded last year, while 10 were experienced in 2020.