Dow Falls 200 Points As Experts Warn That High Inflation Could Lead To Further Selloff

Dow Falls 200 Points As Experts Warn That High Inflation Could Lead To Further Selloff

Share to Linkedin The stock market fell on Tuesday, failing to build on recent gains after its best week since November 2020, as widespread selling pressure resumed amid growing fears about surging inflation leading to a looming recession. Makes your hair stand on end: Stocks are on pace to finish lower this month despite last week's ... [+] rebound. The Dow and S&P 500 are coming off their best weekly gains since November 2020 after snapping a seven-week losing streak last Friday, as recession fears cooled slightly thanks to positive economic data showing inflation may be somewhat moderating. Concerns about inflation and a potential economic slowdown resurfaced with a vengeance on Tuesday, however, after a flurry of negative headlines out of Europe including euro zone inflation surging 8. 1% in May, a new record high for a seventh month in a row. Oil prices surged following the European Union's decision to ban more crude imports from Russia, which also raised fears about inflation: U. S. benchmark West Texas Intermediate rose to around $119 per barrel, while international benchmark Brent crude jumped to $124 per barrel. Energy stocks jumped as a result on Tuesday—the only positive sector in the S&P 500—as