Dow Plunges as July Wholesale Inflation Exceeds Expectations
Dow Plunges as July Wholesale Inflation Exceeds Expectations The Dow Jones Industrial Average has dropped significantly today, falling 100 points, following the release of July’s wholesale inflation data. Producer prices rose by a much hotter-than-expected 0.9% in July, signaling persistent inflationary pressures in the economy. This unexpected surge in wholesale prices has immediately impacted market sentiment, with Treasury yields also rising on the news. Investors are closely monitoring these developments, which could influence future Federal Reserve policy and broader economic…