Story perspectives
Wall Street Plummets as Inflation Surprises Investors
2/12/2025
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Story summary
- Wall Street opened lower on February 12, driven by unexpected inflation data.
- The Dow fell by 236 points, the S&P 500 decreased by 43 points, and Nasdaq dropped by 207 points.
- January inflation rose 3% annually, surpassing predictions and affecting rate cut expectations.
- Fed Chair Jerome Powell emphasized no immediate need for rate cuts due to ongoing inflation and a robust labor market.
