DOW plummets 750 points after consumer price index hit a 40-year high, sparking fears of a recession - MassLive.com

The Labor Department reported that consumer prices rose at 8.6% in May — surpassing a record high 8.5% in March.

Stocks took a drastic dip on Friday morning after the U.S. Labor Department said the consumer prices hit a 40-year high, surging to 8.6% over the last 12 months, faster than Aprils year-over-year sur… [+1247 chars]

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