GenTrust Head of Fixed Income Hugh Nickola in Barron’s

The Dow Dropped, Netflix Sank—and What Else Happened in the Stock Market Today

The stock market got crushed Friday after the latest consumer price index showed that inflation is still a major problem. Bets that the Federal Reserve will remain aggressive in lifting interest rates are back on.

The Dow Jones Industrial AverageDJIA –2.73%  dropped 880 points, or 2.7%. The S&P 500SPX –2.91%  fell 2.9%, with the index falling at least 2% for the second day in a row—something which hasn’t happened since the two days ended on March 23, 2020, according to Dow Jones Market Data.

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