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Stocks Tank After Hotter Than Expected Inflation Data

Michael M. Santiago/Getty Images



A surprisingly hot inflation report knocked back the confidence of investors on Wednesday, sending stocks tumbling in the biggest sell-off in several months.

The Dow Jones Industrial Average fell 681 points, nearly 2 percent, with the downward pressure mounting in the final hour of trading. The S&P 500 dropped 2.14 percent, the worst day since October. The Nasdaq Composite fell by 2.67 percent. The small-cap Russell 2000 dropped by 3.26 percent.

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