Inflation fears, market uncertainty fuel volatile day on Wall Street

The market bounced back amid a late buying spree, pushing the Dow and the S&P 500 index to close with small gains. The Dow has lost more than 9% from its all-time high on Jan. 4. Consumer prices rose 7% in December compared to last year. That’s the biggest jump in 40 years. The Fed will meet Tuesday to make an announcement on interest rates. It’s expected rates will go up as soon as March. The market plunge has wiped out more than $7,000 from the average American’s 401(k) According to Fidelity, the market plunge wiped out over $7k from average Americans’ retirement funds. The average American has lost over $8,000 in 401(K) . . .