Markets Down Over Inflation Concerns

Rising inflation and sluggish consumer spending triggered an early sell-off as investors continued to mull over a mixed batch of corporate earnings news. The Dow tumbled 82 points to 11,104 while Nasdaq plunged 31 points to 2,061. S&P 500 lost 8 points to 1,268. The 30-year bond eased as the yield rose to 5.077%.