The Dow Jones fell 107 points on Tuesday as a Labor Department inflation report dragged down markets as second-quarter earnings began to roll in.
July 13 (UPI) — U.S. markets fell Tuesday, reversing gains from the start of the week, following a report detailing surging consumer prices. The Dow Jones Industrial Average fell 107.39 points, or 0.31%, while the S&P 500 dipped 0.4% and the Nasdaq Composite slid 0.46%. Tuesday’s losses came as the Department of Labor issued a report Tuesday stating that consumer prices in the United States increased 5.4% between June 2020 and June 2021, the steepest 12-month increase in more than a decade.
