Stocks dropped for a second straight day, with every major index down at least 2%. In economic news, the consumer price index rose 0.8% during April, higher than the expected 0.2% increase.
Dow Jones -682 at 33,588
S&P 500 -89 at 4,063
NASDAQ -358 at 13,032
The 10 Year Treasury closed up 7 basis points yielding 1.70%
Oil prices closed up $0.56 ending at $65.82 a barrel
Gold prices closed down $13 ending at $1,823 an ounce
Corporate news:
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