DOW Loses More Than 1,200 Points on Tuesday as Worst Day Since June 2020 | EWTN News Nightly

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The US stock market rose slightly higher today, but investors are still reeling from Tuesday's wild sell-off that led to the worst close in more than 2 years. The DOW lost more than 1,200 points on Tuesday, the worst day since June 2020. The sell-off was prompted in part by news that inflation in August was more than 8 points higher than last year. Research fellow at the Heritage Foundation, Joel Griffith, joins to tell us more about the massive drop in the markets on Tuesday and why the inflation report likely played a role. There is talk that the federal reserve will raise interest rates next week. Griffith shares why this would be significant. The White House points to lower gas prices and that inflation is dropping at least a little from where it was over the summer. Griffith explains whether they are correct to be optimistic. On another note, there is talk that there will be a railroad strike at some point soon. Griffith discusses whether this would affect the economy. He fills us in on whether there is any good economic news on the horizon. EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf