Pedestrians pass the New York Stock Exchange as snow falls on Tuesday, February 13, 2024 in New York.
Mandatory Credit: Peter Morgan/AP
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Dow tumbles more than 500 points; hot inflation data stokes fears about higher-for-longer rates
Stocks took a dive Tuesday after a key inflation report revealed stubborn price increases, raising concerns on Wall Street that the Federal Reserve will keep rates higher for longer than anticipated.
