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U.S. Stocks Plunge Amid Inflation Woes; Delta Surges

1/12/2025

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Summary

Story summary

U.S. stock indexes experienced significant declines on Friday, with the Dow Jones falling 1.6% due to inflation concerns.
The S&P 500 and Nasdaq also dropped, while the Russell 2000 small caps fell by 2.2%.
The 10-year Treasury yield reached 4.79%, marking a yearly high.
Delta Air Lines shares rose after surpassing earnings expectations, contrasting with struggling insurance stocks affected by California wildfire losses.

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Story summary

U.S. stock indexes experienced significant declines on Friday, with the Dow Jones falling 1.6% due to inflation concerns.
The S&P 500 and Nasdaq also dropped, while the Russell 2000 small caps fell by 2.2%.
The 10-year Treasury yield reached 4.79%, marking a yearly high.
Delta Air Lines shares rose after surpassing earnings expectations, contrasting with struggling insurance stocks affected by California wildfire losses.