Posted 4/12/2024, 8:23:52 PM
Stocks Plunge on Mounting Inflation Fears, Geopolitical Uncertainty
- Dow tumbles 475 points, S&P 500 suffers worst day since January as inflation worries hit market
- Broad sell-off in stocks on inflation and geopolitical concerns, oil price rise, consumer sentiment drop
- JPMorgan shares fall over 6% on disappointing net interest income outlook
- Wells Fargo and Citigroup also decline after earnings reports
- Markets still positive year-to-date but facing growth worries from persistent inflation
