Markets Plummet Over Inflation Fears

A surprising gain in consumer prices sparked fears of further interest rate hikes sending the markets tumbling. The Dow plummeted 214 to 11,206 while Nasdaq dropped 33 points to 2,196. The S&P 500 plunged 22 points to 1,270. The 30-year bond eased as the yield climbed to 5.274%.