Stock Market News, Sept. 13, 2022: Dow Falls More Than 1200 Points After Inflation Data

WSI ^ | Sep 13 2022 | WSJ

[SmokingJoe]

Today's Coverage The market didn't like what it saw in Tuesday's CPI report--and stocks suffered.

How much? The Dow fell nearly 1300 points Tuesday. U.S. stocks fell broadly, while Treasury yields rose, after the latest inflation data came in higher than expected. Read our full daily markets roundup here.

The pace of U.S. consumer price inflation cooled compared with previous months, but it remained near a four-decade high. That led investors to sell just about everything.

Tuesday's inflation report will help determine the path ahead for interest rates before the next Federal Reserve meeting. Analysts had hoped that Fed officials would consider easing their pace of interest-rate increases if data continued to show inflation subsiding. The data undercut those hopes.

[SmokingJoe]

Dementia Joe's "Inflation Reduction Bill" in action.

[dsrtsage]

There were no mean tweets, though

[vpintheak]

I am thankful if have around 15-18 years of work left to build it back. I hope. If the Dims remain in control I am sure all of our retirements will be stolen.

[lightman]

I’ll take a p***y grabber over a pocket picker.

[Organic Panic]

Trmup only made a joke about it. Biden actually did it.

#believetarareade

[dennisw]

Oil at $86 in the US. Locally, I see gas at $3.39

[ExTxMarine]

Watching BiteMe and the Marxist Democrats CELEBRATE during a 1200+ point drop in the Dow doesn't seem all that strange when their entire argument and message is based on the same stupidity as the COVID clot-shots: IMAGINE HOW BAD IT WOULD HAVE BEEN WITHOUT US!

And the worst part is there are millions of idiot voters who actually believe that stupid, idiotic message!!

[GreenHornet]

Well, at least we’re not in a recession and the border is secure.