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Stock market slides as inflation worries loom
New York reports a sharp stock market drop led by inflation fears and higher interest rates. The Dow Jones average fell to 812.84 as losses outweighed gains, while analysts warned of a turbulent period ahead. Investors awaited the July consumer price index with expectations of renewed price pressures.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Stock Exchange
Sidney L. Jones
Treasury
Washington
General Motors
International
Union Carbide
Eastman Kodak
Texas 0 & Gas
American Stock Exchange