Stock market dives on Tuesday as inflation tops estimates, causing investors to panic.
Nasdaq plunges over 5%, being the seventh time this year that the Nasdaq slid 4% or more. Dow Jones shaves off over 1,300 points or roughly 4%.
All three major averages mark September 13th as the worst sell-off since June 2020.
Economists had expected to see a 0.1% fall in inflation but were surprised to see a 0.1% increase in inflation since August according to CPI statistics.