5/18, 4:46 PM (Source: TeleTrader)
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Dow plunges over 500 points amid inflation fears

Major stocks on Wall Street saw major losses during Wednesday's session as negative sentiment continued prompted by soaring inflation as well as upcoming interest rate hikes yesterday confirmed by the Federal Reserve.

Today's trading was also marked by Target Corp.'s stock drop of more than 20% following unexpected earnings results for the first quarter of 2022.

The Dow Jones tumbled 1.58% or 514 points at 10:46 am ET, while the Nasdaq 100 declined 2.25% or 282 points and the S&P 500 lost 1.86%. The euro fell by 0.49% against the dollar to sell for 1.04974.

Baha Breaking News (BBN) / ND