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By a worse-than-expected report on inflation as stocks roared back from steep morning losses, on Thursday Wall Street staged its biggest comeback in years.     A stunning reversal after earlier being down as much as 2.4% and touching its lowest level in nearly two years, the S&P 500 jumped to a gain of 2.6%,.  From its low to its high the Dow Jones Industrial Average swung more than 1,500 points. Since March 2020 the turnarounds were the biggest for each index. While analysts offered possible reasons for the reversal but little that was concrete, other markets around the world likewise veered sharply from losses to gains. From the U.S. government, which showed inflation is spreading more widely across the economy, besides stocks, prices also initially tumbled for bonds and cryptocurrencies in the knee-jerk reaction to a disappointing report.  In 40 years one component by policy makers and investors that’s closely followed, accelerated to its hottest level. B...

  A hotter-than-expected inflation report sent the stock market tumbling on Tuesday. More than 1,200 points the Dow Jones Industrial Average fell, which amounted to a nearly 4% drop, making it the index’s worst day since June 2020. Its worst day of 2022 the S&P 500, meanwhile the index to which many 401(k)s are pegged — dropped more than 4%. More than 5% of the tech-heavy Nasdaq plummeted. In August inflation data was released on Tuesday which revealed that prices rose slightly, to decide on another interest rate hike next week for U.S. households worsening the cost woes as the Federal Reserve readies. Whether inflation has peaked the data calls into question. According to the Bureau of Labour Statistics, On a monthly basis, the consumer price index rose 0.1% in August, inching upward from the flat month-to-month movement in July. According to the bureau, in August the consumer price index, or CPI, rose 8.3% over the past year, a slight slowdown from 8.5% in July. The cost of g...