A new government report shows inflation may have peaked in April. And Southwest Airlines has a few changes up its sleeve.
The Consumer Price Index shows slower inflation growth last month. But that didn’t calm investors as the indexes fell once again.

The Dow fell 326, 1%, to close at 31,834
The Nasdaq lost over 3%, down another 373 today.
The S&P finished down 1.6%, falling 65 points.

**********

Bitcoin sank below $30,000 today as the cryptocurrency market struggles continue. That’s down around 56% from its November peak of $69,000. Some are now using the phrase “crypto winter” to describe the current volatility.

**********

Carvana is cutting 2,500 jobs. The online car retailer blamed a “recession” in auto sales. Shares plunged 16% today to $30 / share. The company’s stock has tumbled 87% since the beginning of the year.

**********

Southwest is trying to make your next flight better. The airline is spending $2 billion on bigger overhead bins, faster internet, and power outlets in every seat. Southwest will also double its movie selection and offer new drinks as well.

**********

From Los Angeles, I’m Brian Martin with your BEONDTV After the Bell report.

#BEONDTV #Financialnews #cryptowinter #inflation #stockstoday