Stocks slid on Wednesday after June inflation data came in hotter-than-expected, contributing to growing fears that the Federal Reserve will get more aggressive in its fight to tame rising prices.

The Dow Jones Industrials stumbled 357.82 points, or 1.2%, to 30,623.51.

The S&P 500 ditched 43.67 points, or 1.1%, to 3,775.54.

The NASDAQ Composite fell 138.13 points, or 1.2%, to 11,126.60.

Shares of Salesforce, Walt Disney, Boeing and Visa slid more than 2% each as the Dow fell. Just two stocks gained on the day.

Battered tech shares Nvidia, Netflix and Alphabet slipped more than 1% as growth concerns mounted, while Twitter’s stock rose 6.4% after the social media company sued Elon Musk.

All S&P 500 sectors declined on Wednesday, with the exception of energy. The sector rose more than 1% boosted by shares of Devon Energy, Occidental Petroleum and Marathon Oil.

Along with the inflation report, investors continued to monitor second-quarter earnings for clues into the health of U.S. companies.

Delta Air Lines shares dropped 7.2% after posting mixed results. Airline stocks including United, American Airlines and Southwest dipped more than 3%.

In other news, investors are looking ahead to results from major banks including JPMorgan and Morgan Stanley slated for Thursday.

The consumer price index rose 9.1% on a year-over-year basis in June, coming in even higher than May’s 8.6% reading, which was the biggest increase since 1981. Economists surveyed by Dow Jones’ had anticipated an 8.8% print.

Core CPI, which excludes food and energy prices, came in at 5.9% and above the 5.7% estimate.

Treasury prices gained a bit of turf, lowering yields to 3.03% from Tuesday’s 2.97%. Treasury prices and yields move in opposite directions.

Oil prices inched up 18 cents to $96.02 U.S. a barrel.

Gold prices hesitated $3.90 to $1,720.90 U.S. an ounce.

Dow Sinks on Inflation Report