Posted 4/10/2024, 2:06:00 PM
Stocks Sink as Hot Inflation Data Spooks Investors; Dow Down 525 Points, Apple and Microsoft Fall
- Dow Jones Industrial Average dived 525 points as investors reacted to hotter-than-expected inflation data
- Nvidia stock reversed higher while Tesla sold off in early trading
- Big banks like JPMorgan and Wells Fargo report earnings later this week
- Salesforce trying to find support around 50-day moving average; IBM and Verizon also declined
- Apple and Microsoft traded lower after market open on Wednesday
