Dow sinks 500 points following hot U.S. inflation report

NEW YORK, Sept. 30 (Xinhua) -- U.S. stocks fell sharply on Friday, as investors were worried about the prospect of further central bank tightening following another hot inflation report.

The Dow Jones Industrial Average shed 500.1 points, or 1.71 percent, to 28,725.51. The S&P 500 decreased 54.85 points, or 1.51 percent, to 3,585.62. The Nasdaq Composite Index was down 161.89 points, or 1.51 percent, to 10,575.6