The Dow tumbles as inflation hits 40-year high

Hanah Lopes

The Dow (INDU) dropped nearly 800 points on Friday afternoon after a key inflation report missed estimates and showed a higher-than-anticipated increase in the price of consumer goods. The May consumer price index rose 8.6% year-over-year, its highest level since 1981. Economists had forecast an 8.3% increase. The core index, […]