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Wall Street continues to sink as inflation data spooks markets Sentiment took a hit after the US consumer price index rose 4.2% year-over-year in April, up from 2.6% in March and much higher than the forecast of 3.6% 12:15pm: CPI jump well exceeded expectations The Dow has only performed worse as the session has gone on, finding itself down 467 points, 1.4%, at 33,803 at midday. The Nasdaq lost 326 points, 2.5%, to 13,064, and the S&P 500 dropped 69 points, 1.6%, to 4,083. Traders reacted to consumer price index data that showed the metric jump 4.2% year-over-year, well ahead of the expected 3.6% rise.  The US CPI print has put the cat among the pigeons, as was to be expected, and opinions and market reaction is sharply divided. There is enough for both sides of the debate in this update, a reflection of how sharply prices are increasing both year-on-year and month-on-month, and in the core and non-core versions, IG Chief Market Analyst Chris Beauchamp wrote.  .At the ver

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