Dow tumbles 475 points, S&P 500 suffers worst day since January as inflation woes erupt

Investors on the stock market were hit hard today with both the Dow Jones Industrial Average and the S&P 500 seeing significant losses. The Dow Jones fell 475 points, marking a strong hit to confidence.

Similarly, the S&P 500 experienced its worst day since January of this year, citing inflation concerns as the key driver behind the downturn. With inflation rates increasing, it indicates a decrease in the purchasing power of money, meaning each unit of currency buys fewer goods and services.

This situation can