The SPDR S&P 500 ETF Trust SPY (NYSE:SPY) traded lower by 1.2% on Thursday morning after the Labor Department reported a 7.9% increase in the consumer price index in the month of February, the largest inflation growth since 1982.
What Happened: The headline CPI rose 7.9% in February, above economist estimates of 7.8% and marking the highest growth rate since January 1982. The CPI was up 0.8% on a monthly basis.
