Stocks tumble again as investors weigh Federal Reserve decision and inflation
CBSN
Stocks resumed their slide in early trading Tuesday, pushing financial markets further toward a "correction" — a drop of 10% of more from their most recent high — following Monday's reprieve when shares rallied late in the day.
The Dow Jones Industrial Average fell 667 points, or 1.9%, shortly after the market opened, while the broader S&P 500 slumped 2.4%. The tech-heavy Nasdaq lost 2.7% in early trading on Tuesday.
Prior to Tuesday's slump, the S&P 500 had already lost 8% of its value this year, placing it just shy of a correction. But the tech-heavy Nasdaq Composite had declined more than 12% this year and about 14% from its November peak, placing it squarely in that category.
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