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Markets Tumble, VIX Up 8% On Hot Inflation Data, Dollar, Yields Jump As Traders Unwind Rate Cut Bets: What’s Driving Markets Tuesday?

Wall Street witnessed one of the worst sessions since the beginning of the year, with widespread declines across the board as stocks were hit by the impact of a higher-than-expected inflation report.

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Dow Dips Over 300 Points; US Annual Inflation Slows to 3.1% In January

U.S. stocks traded lower this morning, with the Dow Jones index falling over 300 points on Tuesday. Following the market opening Tuesday, the Dow traded down 0.85% to 38,468.89 while the NASDAQ fell 2.01% to 15,622.77. The S&P 500 also fell, dropping, 1.36% to 4,953.78.

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