Stock Market Today: Tech Tumbles on Another Weak Day for Stocks
by Kyle Woodley
Dec 14, 2021
2 minutes
The market sagged again Tuesday ahead of tomorrow's conclusion of the latest Federal Open Market Committee meeting, with technology stocks showing the greatest weakness.
The Labor Department delivered another sign of surging inflation today, announcing that wholesale prices jumped 9.6% year-over-year in November. That number was ahead of economist expectations for 9.2% and marked the fastest rate since the department started keeping tabs in November 2010.
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