Why is the US stock market sinking deep in red today? Dow Jones, S&P 500, Nasdaq crash as hot inflation data and AI fears shake Wall Street

US stock market crash today wiped out hundreds of points within minutes of opening bell. The Dow Jones Industrial Average plunged 777 points to 48,721.66, down 1.57%. The Nasdaq Composite fell 257.53 points to 22,620.85, while the S&P 500 slid 65.70 points to 6,843.16. This sharp selloff followed hotter-than-expected January wholesale inflation data and fresh AI disruption fears triggered by a major corporate shakeup. January’s Producer Price Index (PPI) rose 0.5% month over month, above the expected 0.3%. ...