[Breaking] Inflation Fears Trigger 'Worst Day' for New York Stock Market... Nasdaq Plummets 5.16%
[Asia Economy New York=Special Correspondent Joselgina] On the 13th (local time), the New York stock market plummeted across the board as U.S. inflation showed a higher level than expected.
On that day, the Dow Jones Industrial Average closed down 3.94% from the previous session. The S&P 500, centered on large-cap stocks, fell 4.33%, marking the worst day of the year. The Nasdaq, focused on technology stocks, also closed down 5.16%.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- Trump Puts Attack on Hold, but "Only for a Certain Period"... Treasury Announces Sweeping Sanctions
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
Before the market opened, the three major New York indices were showing an upward trend in after-hours trading, but turned sharply downward after the release of the August Consumer Price Index (CPI). According to the U.S. Department of Labor, the August CPI rose 8.3% year-over-year, far exceeding the market expectation of 8.0%. It also increased 0.1% month-over-month, breaking the market's expectation of a decline.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
