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US stocks: US market falls as hot inflation, hawkish Fed fuel rate-hike fears - The Economic Times
US stocks closed lower after hotter-than-expected inflation data strengthened expectations of a December Federal Reserve rate hike and raised the possibility of more aggressive tightening. Rising Treasury yields and weakness in technology stocks, particularly Nvidia, weighed on the market, while investors also assessed hawkish Fed comments and Anthropics upcoming IPO.
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