Stocks Slide as Hot Inflation Data Spooks Investors

Indexes reversed and fell sharply on Thursday after hotter-than-expected inflation data. The Dow fell 1% and the Nasdaq dropped 1.2%.

The consumer price index climbed 0.4% in September, higher than expected. Inflation rose 3.7% vs a year ago, unchanged from August.

Walgreens jumped over 4% on earnings beat. Apple cleared 50-day line. UnitedHealth rose ahead of Friday earnings.

Delta Air Lines fell despite higher revenue and earnings. Domino's Pizza profits rose on higher prices and fees.

JPMorgan Chase, UnitedHealth and other Dow components report earnings on Friday. Everest Group and Vertex Pharmaceuticals are breaking out.