Stocks fell sharply Wednesday as a hot inflation reading landed alongside the renewed fighting in the Gulf. The Dow dropped 1.87 percent, or 953 points, to 49,918.78, the Nasdaq lost 1.98 percent to 25,169.50, and the S&P 500 slid 1.62 percent to 7,266.99, closing near the day's lows.
Industrials fell more than 3 percent and technology more than 2 percent as the selling broadened.
With oil rising again overnight and the Iran conflict deepening, futures point to more pressure before the Federal Reserve meets next week.
Sources: TheStreet.
