Dow tumbles over 400 points as new inflation fears dent hopes of Fed rate cut
nypost.com/2024/04/25/business/dow-tumbles-nearly-700-points-as-new-inflation-fears-dent-hopes-of-fed-rate-cut
Stocks slumped on Thursday as most megacaps fell after Meta Platforms’ quarterly results, while sentiment was shaken amid signs of persistent inflation that dampened hopes of the Federal Reserve easing monetary policy anytime soon.
The Dow Jones Industrial Average slid 453 points, or 1.2%, to 38,007. It had tumbled nearly 700 points in morning trading.
The S&P 500 and Nasdaq…
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