US Stocks Plunge Nearly 2% Ahead of Inflation Data Report Due Later This Week
By Fox Business // January 10, 2022
Nasdaq Composite paced the drop falling 2.57%
ABOVE VIDEO: Stock market plunges ahead of inflation data.
(FOX BUSINESS) – U.S. stocks tumbled on Monday in a tech-led selloff ahead of key inflation data due later this week.
The Nasdaq Composite paced the drop falling 2.57%, while the S&P 500 lost 1.82% and the Dow Jones Industrial Average dropped 547 points or 1.51%.
Investors are also keeping a close eye on rising bond yields with the 10-Year Treasury at 1.79%.
Tech names took a hit with Apple, Microsoft, Amazon and Google trading lower.
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