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Markets shudder on dashed inflation hopes; Dow falls 1,250

NEW YORK -- The Dow Jones Industrial Average sank more than 1,250 points Tuesday, its steepest sell-off in more than two years, after a government report showed that inflation is maintaining a surprisingly strong grip on the U.S. economy. The S &a…

Global Courant

Stocks drift mostly lower on Wall Street, extending losses

NEW YORK -- Stocks drifted mostly lower on Wall Street, extending the market's losses into a holiday-shortened week. The S &P 500 fell 0.6% as of 1:20 p.m. Eastern. It has bounced between a gain of 0.5% and a loss of 1% throughout the day …

Global Courant
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