Stock Market Today: Stocks Sink on Strong Economic Data
There was a glimmer of hope at Tuesday's open that today might be the day stocks reverse their recent downward trend. But that was dashed mid-morning when the major market indexes took a decisive turn lower after a pair of economic reports poured cold water on expectations the Fed might slow its rate-hiking campaign anytime soon.
Specifically, data from the, the first time this value has been above its benchmark of 100 since May.
