Stock market takes big dip following August inflation report

Trader in NYSE
(Image credit: Michael M. Santiago/Getty Images)

It was a bad day on Wall Street.

Stocks took a big dip on Tuesday in the wake of a new consumer-price report, which saw inflation jump more than expected in the month of August (even with a drop in gas prices), The Wall Street Journal reports.

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Brigid Kennedy

Brigid Kennedy worked at The Week from 2021 to 2023 as a staff writer, junior editor and then story editor, with an interest in U.S. politics, the economy and the music industry.