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This Inflation-Fighting Investment Finally Pulled Its Weight On Friday

TheMotleyFool

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This Inflation-Fighting Investment Finally Pulled Its Weight On Friday

The stock market despises uncertainty, and that's exactly what the latest economic data delivered on Friday. The Bureau of Labor Statistics' measure on consumer inflation showed a 1% monthly rise in May, bringing the year-over-year inflation gauge up to 8.6%, a fresh 41-year high. That led to massive declines for the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC), which were down as much as 3.5%.

Index

Daily Percentage Change

Source Fool.com

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