Hotter-Than-Expected Inflation Data Triggers Sell-Off On Wall Street

Stocks moved sharply lower over the course of the trading session on Tuesday, largely offsetting the recent recovery rally. The major averages all showed substantial moves to the downside, snapping a four-session winning streak.

The major averages climbed off their worst levels going into the close but still posted steep losses on the day. The Dow plunged 1,276.37 points or 3.9 percent to 31,104.97, the Nasdaq dove 632.84 points or 5.2 percent to 11,633.57 and the S&P 500 plummeted 177.72 points or 4.3 percent to 3,932.69.

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by RTTNews Staff Writer

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