
The Dow Jones Industrial Average slid 900 points, or 2.8%. The S&P 500 dropped 3.2%, and the Nasdaq Composite sank 4.1%. Bond prices also fell sharply, sending their yields higher, after a report showed inflation decelerated to 8.3% in August, instead of the 8.1% economists expected. Big tech stocks swooned more than the rest of the market, as all 11 sectors in the S&P 500 dropped.
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