|I:DJI||DOW JONES AVERAGES||31834.11||-326.63||-1.02%|
|I:COMP||NASDAQ COMPOSITE INDEX||11364.235504||-373.44||-3.18%|
The Nasdaq Composite fell 3% to its lowest level since March 2020, with large-cap tech including Facebook, Microsoft and Apple all declining.
|FB||META PLATFORMS INC.||188.74||-8.91||-4.51%|
The CPI Index rose by an annual rate of 8.3%, more than economists expected and slightly less than the prior month's 8.5%.
|USO||UNITED STATES OIL FUND L.P.||78.18||+3.65||+4.90%|
|BNO||UNITED STS BRENT OIL FD LP UNIT||30.64||+1.38||+4.72%|
Commodities, Oil rose with U.S. West Texas Intermediate crude up 6% to $105 and Brent, the international benchmark, settled at $107.
The Energy Information Administration released its inventory report for last week. Crude stockpiles rose by 8.4 million barrels, following a surprise build of 1.3 million barrels the previous week.
Earning reports, Coinbase Global took a drastic hit after the company missed estimates for first-quarter revenue and posted a loss.
|COIN||COINBASE GLOBAL INC.||53.72||-19.27||-26.40%|
Bitcoin dipped below the $30,000 level following the hotter than expected inflation reading.