Stock market selloff puts focus on CPI data release. Is relief coming?

Hitting rock bottom usually isn’t something people look forward to. But for investors hungry for relief from the latest market selloff, rock bottom couldn’t come soon enough. 

On Tuesday, the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 touched new 52-week lows. But the S&P 500 closed slightly higher while the Nasdaq gained nearly 1%, or 114 points.