Business
Tech Stocks Fall as Investors Stay Cautious After Inflation Report
Stocks stumbled Tuesday, with tech stocks taking a relatively bigger hit, after the latest inflation report came in hotter than expected.
The Dow was flat, while the S&P 500 was down 0.4%. The tech-heavy Nasdaq was down 0.8%.
For years, inflation has stubbornly remained above the Fed’s 2% target, and the latest report showed prices remain nearly two percentage point above the target.
You must be logged in to post a comment Login