U.S. stocks dive as inflationary pressures dent sentiment

NEW YORK, April 12 (Xinhua) -- U.S. stocks slumped on Friday, as inflationary pressures dampened investors' sentiment.

The Dow Jones Industrial Average fell by 475.84 points, or 1.24 percent, to 37,983.24. The S&P 500 sank 75.65 points, or 1.46 percent, to 5,123.41. The Nasdaq Composite Index shed 267.10 points, or 1.62 percent, to 16,175.09.