Inflation exceeds expectations, the three major indexes of the US stocks have fell sharply by the collective decline of more than 1200 points

Overseas Network, September 14. According to the US Consumer News and Business Channel reported on the 13th, the inflation data released in August announced by the United States exceeded expectations, which led to a sharp decline in the three major US stock indexes that day.

The three major stock indexes in New York fell sharply on the 13th.The Dow Jones Industrial Average fell 1276.37 points to close at 31104.97 points.The S & P 500 Index fell 4.32%to 3932.69 points.The Nasdaq Composite Index fell 5.16%to 11633.57 points.In the S & P 500 Index, more than 490 stocks fell, Meta, the parent company of Facebook, fell 9.4%, and chip giants fell 9.5%.The stock index fell almost all the recent upsides of the US stock market.

The US stock market rose four consecutive trading days earlier, partly because many investors believed that inflation had been topped.However, the consumer price index (CPI) data in August shows that US inflation rates are still at a historic high.In August of this year, the US CPI increased by 0.1%month -on -month, with an inflation rate of 8.3%, which is still more than 4 times that of the US government's annual inflation target of the year.(Overseas Network Hou Xingchuan)

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