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.