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US stocks moved sharply lower on Wednesday after consumer inflation soared to its highest level in three years and renewed US-Iran military clashes cast doubt on the odds for peace talks.
The Nasdaq Composite (^IXIC) fell 1.6%, and the Dow Jones Industrial Average (^DJI) slid by 1.5% as Tuesday’s sell-off in tech stocks deepened. The S&P 500 (^GSPC) dropped 1.2%.
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