Dow plunges on CPI data
The Labor Department reported that the consumer price index had grown by 0.6 percent in April ahead of forecasts of a 0.5 percent rise.
Some analysts feel the market is overpriced after nearly reaching a record high last week. Over the last several days of trading though the Dow has dropped sharply.
By late morning Wednesday, the Dow sank by 147.36 points to a one month low of 11,272.53.
Dow dips 145 points in early trading
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