US stocks slip following a discouraging update on inflation
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By STAN CHOE, AP Business Writer
NEW YORK (AP) — The U.S. stock market dipped Tuesday after a report showed inflation was worse across the country last month than economists expected.
The S&P 500 slipped 0.4% and gave back some of its big rally from the day before. The Dow Jones Industrial Average dropped 157 points, or 0.3%, and the Nasdaq composite sank 0.7%.
Pressure from the bond market undercut stocks following the discouraging report on inflation. People had to pay prices for groceries
NEW YORK (AP) — The U.S. stock market dipped Tuesday after a report showed inflation was worse across the country last month than economists expected.
The S&P 500 slipped 0.4% and gave back some of its big rally from the day before. The Dow Jones Industrial Average dropped 157 points, or 0.3%, and the Nasdaq composite sank 0.7%.
Pressure from the bond market undercut stocks following the discouraging report on inflation. People had to pay prices for groceries
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