MARKETS: Iran downs a U.S. Apache helicopter over the Strait of Hormuz, prompting President Trump to warn of retaliatory strikes; CPI jumps to 4.2%, a three-year high

MARKETS: Iran shot down a U.S. Apache helicopter over the Strait of Hormuz, and President Trump responded with threats of retaliatory strikes. U.S. CPI rose to 4.2%, the highest level in three years. Equities moved lower, with $SPX down 0.5%, $DJIA off 0.59%, and $NDX sliding 0.6%. $BTC fell 0.63%. Oil prices surged.