Dow drops over 500 points as hot inflation data dents rate-cut hopes

US stocks sank from all-time highs as January's inflation data came in hotter than anticipated, disappointing hopes for a pivot in monetary policy. 
The latest consumer price index climbed 0.3% mont…

https://markets.businessinsider.com/news/stocks/stock-market-news-today-hot-inflation-cpi-data-federal-reserve-2024-2