The stock market closed on Tuesday afternoon after its worst day since June 2020 following the morning's release of Consumer Price Index data that showed prices continued to rise in August to a 12-month 8.3 percent while core inflation doubled its expected increase for last month.
Tech companies were among
the hardest hit in the selloff, with Facebook losing nearly 10 percent
of its value — more than $40 billion — while the market as a whole lost
more than $1.5 trillion. Read more, see tweets and video here.


