Dow Jones Drops 500 Points After Strong US Inflation Report

U.S. shares dropped quickly on Wednesday as a result of the March release of national inflation data.
By 12 p.m. EST, the Dow Jones had lost more than 500 items, partially as a result of Home Depot and Intel stock falling. The standard S&amp, P 500 Index even lost about 1 percent, and the Nasdaq Composite dropped the same amount.
Home Depot was down by more than$ 10, or 2.8 percent, and Intel was down about$ 1, or 2.6 percent, as of Wednesday morning. Boeing BA, Goldman Sachs, and Cisco even contributed to the Dow’s Wednesday reduction
It came as U. S. consumer prices picked up again in March, increasing by 3.5 percentage points for the month, according to the latest Consumer Price Index ( CPI ) data released by the U. S. Bureau of Labor Statistics on Wednesday. That’s away from February’s CPI of 3.2 part, and some experts noted that March’s statistics show it’s the highest monthly inflation get in six times….

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