Inflationary fears trigger steepest Dow Jones drop since 2003
Pride comes before a fall, the old saying goes, and so it proved on Wall Street last week.
Pride comes before a fall, the old saying goes, and so it proved on Wall Street last week. The Dow Jones industrial average fell precipitously last Wednesday and failed to rally for the rest of the week.
Its feeble performance made a mockery of the bullish predictions that had filled the air during the previous week’s trading. The Dow came within spitting distance of its all-time high just eleven days ago, closing at over 11,600...
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