Dow tumbles nearly 700 points amid inflation worries

Source: Xinhua| 2021-05-13 05:24:07|Editor: huaxia
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Traders work at the New York Stock Exchange (NYSE) in New York, the United States, May 12, 2021. U.S. stocks tumbled on Wednesday as a key inflation gauge showed higher-than-anticipated price pressures and unnerved investors. The Dow Jones Industrial Average plunged 681.50 points, or 1.99 percent, to end at 33,587.66. The S&P 500 decreased 89.06 points, or 2.14 percent, to 4,063.04. The Nasdaq Composite Index shed 357.75 points, or 2.67 percent, to 13,031.68. (Courtney Crow/NYSE/handout via Xinhua)

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