Dow falls 1276.97 points - crash

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They had promised us that the Crash had never happened before.

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Tuesday's markets are experiencing disappointment and stock market declines as Wall Street abruptly realises that inflation isn't reducing as much as anticipated.

PHOTO CREDIT: UNSPLASH

900 points, or 2.8%, were lost by the Dow Jones Industrial Average. The Nasdaq Composite fell 4.1%, while the S&P 500 fell 3.2%.

PHOTO CREDIT: UNSPLASH

 After a study revealed that inflation slowed in August to 8.3% rather than the 8.1% economists had predicted, bond prices also fell dramatically, pushing up their yields.

PHOTO CREDIT: UNSPLASH

 After a study revealed that inflation slowed in August to 8.3% rather than the 8.1% economists had predicted, bond prices also fell dramatically, pushing up their yields.

PHOTO CREDIT: UNSPLASH

The S&P 500's 11 sectors all fell, although large tech stocks fell more than the rest of the market.

PHOTO CREDIT: UNSPLASH

Traders are preparing for the Federal Reserve to eventually hike interest rates even higher than anticipated to combat inflation,

PHOTO CREDIT: UNSPLASH

with all the risks to the economy that involves, as a result of the poor statistics.

PHOTO CREDIT: UNSPLASH

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