Category: Energy Markets
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Stocks tumble on dashed inflation hopes; S&P 500 loses 3%
[ad_1] NEW YORK — Stocks tumble and disappointment hit markets around the world on Tuesday after Wall Street’s sudden realization that inflation is not easing as much as hoped. pThe &P 500 was 3% lower in afternoon trade, threatening to snap a four-day winning streak. Bond prices also fell sharply, sending their yields higher after…