Stock Market
Dow falls 400 points as stocks suffer worst drop in a month after PPI data, Fed comments
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U.S. stocks suffered their worst drop in a month on Thursday after hotter-than-expected data on wholesale prices and talk of more aggressive interest-rate hikes rattled markets. The S&P 500
SPX,
fell 57.19 points, or 1.4%, to 4,090.41. The Dow Jones Industrial Average
DJIA,
shed 431.20 points, or 1.3%, at 33,696.85. The Nasdaq Composite
COMP,
dropped by 214.76 points, or 1.8%, to 11,855.83.
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