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Nasdaq slides over 2% as April CPI shows inflation is back and markets panic again
Economy
Published on 12 May 2026
CPI hit the highest since May 2023, stoking fears
The Nasdaq 100 tumbled more than 2% in Tuesday trading, extending its sharpest sell-off in weeks as April CPI confirmed inflation is no longer cooling. The rise pushed CPI to its highest level since May 2023, rattling investors and weighing on the Dow and S&P 500. Traders now face growing uncertainty over rates and market direction.
- Nasdaq 100 fell over 2% after April CPI signaled inflation is re-accelerating
- April CPI reached its highest level since May 2023
- Dow and S&P 500 struggled as investors reassessed rate expectations
- Markets fear renewed pressure from inflation on monetary policy
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times