Dow Drops 33.65 on Inflation Fears
NEW YORK. Sept. 9ÛÓStock prices dropped today on renewed fears of inflation and higher interest rates after the government reported a sharp jump in August wholesale prices.</br></br>Stocks fell across the board along with bonds and the dollar, leaving the Dow Jones industrial average off 33.65 points, or 0.86 percent, to close at 3874.81. Its loss for the week was a more moderate 10.77 points.</br></br>The Dow had fallen as much as 50 points during the session and many other indexes also fell sharply. The Standard & PoorÛªs index of 500 stocks lost 1 percent of its value.</br></br>Losing issues swamped gaining ones almost 3 to 1 on the New York Stock Exchange. Volume was a strong 293 j million shares.</br></br>The market started falling in the opening minutes of trading as investors reacted to the biggest jump in the producer price index in almost four years.