AIThe Motley Fool3 days ago
Stocks Fall on Hot Inflation and Iran Tensions
1 min read
The S&P 500 fell 1.00%, the Nasdaq dropped 1.27%, and the Dow lost 1.22% at midday as hotter inflation and escalating Iran tensions triggered a broad sell-off. Super Micro Computer plunged over 17% after announcing a $7 billion equity raise. The May Consumer Price Index reached a three-year high of 4.2%.
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