U.S. stocks suffered the biggest slump in at least 11 weeks on Wednesday and benchmark Treasury yields jumped after data showed consumer prices in April unexpectedly rose by the highest level in nearly 12 years, prompting bets on earlier interest rate hikes.
A 0.8% jump in the U.S. consumer price index - outpacing a 0.2% forecast - boosted the U.S. dollar as expectations of rising real interest rates burnished the currency's appeal.
Overall the DJ market is bearish with a downside breakout likely sending trade to attack a 33223 low, when broken
⇒ 32005. Current corrective rebounds trapped by 33654 will maintain bear forces.