NASDAQ’s Big Decline
The NASDAQ Composite Index took a sharp tumble on Tuesday, falling 5.2% to 11,633.57.
Year to date, the bellwether technology stock index is down 27%.
There was bad news again for the US economy as fresh inflation data showed that price gains did not moderate as much as expected.
Overall inflation rose 8.3% in August even though petrol prices came down.
Core inflation, which strips out food and fuel prices, climbed 6.3% in August, higher…
Source link
