Dow Jones collapses after severe inflation in the US

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Dow Jones collapses after severe inflation in the US
Dow Jones collapses after severe inflation in the US

Stock markets have crashed. They have crashed around the world including Dow Jones after the Wall Street Journal revealed that inflation had risen further. It was a massive shake for all the stock markets. The Dow Jones Industrial Average fell 900 points (2.8 percent), while the S&P 500 lost 3.2 percent, and the Nasdaq fell by 4.1 percent.

There is a huge slide in the bond rates as well. Economists have predicted an increase in inflation but exceeding their analysis, the inflation rose to 8.3 percent. With this news, as many as 11 sector shares in S&P 500 had seen a massive crash. Stocks like Apple, Microsoft, and Amazon lost up to four percent. Google and other internet, media stocks fell as much as 4.5 percent.

The US Fed reserve revealed that they had no option but to increase the interest rates to fight inflation. Traders were disappointed with the announcement of the US Fed Reserve.

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