Stock Market Drops On Hot Inflation Data, Rate-Hike Fears; Amazon Rides Relative Strength Toward Entry

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The stock market dropped on hot inflation data and rate-hike fears Tuesday. Amazon stock rallied, closing in on a new buy point. The post Stock Market Drops On Hot Inflation Data,…

The stock market finished squarely lower Tuesday, as a hotter-than-expected inflation reading boosted the likelihood of a rate hike at next month's Federal Reserve meeting. Meanwhile, Amazon (AMZN) stock continues to shrug off the ongoing market weakness, closing in on a new buy point. The tech-heavy Nasdaq composite dropped 0.7%, and the S&P 500 fell 0.4%. Each index had risen…

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