Inflation Fears Weigh Down Markets

Inflation fears continued to weigh down the markets during the midday with the Dow plunging 73 points to 10,975, dropping below the 11,000 mark for the first time in three months. Nasdaq lost 13 points to 2,157 while S&P 500 eased 4 points to 1,261. The 30-year bond rose as the yield fell to 5.079%.