Inflation fears spark another Wall Street tumble

Wall Street fell sharply for a second straight session today after a hefty jump in wholesale inflation and a drop in new home construction gave investors more reason to believe an economic recovery is far off.

Inflation fears spark another Wall Street tumble
Tue, 19 Aug, 2008 - 23:04

Wall Street fell sharply for a second straight session today after a hefty jump in wholesale inflation and a drop in new home construction gave investors more reason to believe an economic recovery is far off.

The Dow Jones industrial average dropped 130 points.

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CourtsBusinessHeathrowPlace: Wall StreetPlace: WallPlace: USPerson: Jack AblinOrganisation: Labour DepartmentOrganisation: Harris Private BankOrganisation: DowOrganisation: DepartmentOrganisation: JPMorgan Chase & CoOrganisation: Lehman Brothers Holding Inc.Organisation: Goldman SachsOrganisation: American International GroupOrganisation: Nasdaq
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