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Stocks Fall After Inflation Data is Higher Than Expected

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Stocks Fall After Inflation Data is Higher Than Expected


U.S. stock indexes opened lower after fresh inflation data showed that price pressures are proving more persistent than investors anticipated, denting hopes that central bankers may ease their course of interest-rate increases.

The S&P 500 tumbled 2.1% Tuesday. The tech-focused Nasdaq Composite plummeted 2.8% and the Dow Jones Industrial Average declined 1.6%.



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