• Stocks slide after hotter-than-expected key inflation print
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    Stocks slide after hotter-than-expected key inflation print

    U.S. stocks tumbled Friday after the Federal Reserve’s most closely viewed inflation measure arrived in more powerful than anticipated, in an additional indicator that rate pressures have turn out to be sticky into 2023. The S&P 500 (^GSPC) sank 1.1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, although the Dow Jones Industrial Typical (^DJI) plopped much more than 300 details, or 1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The technologies-major Nasdaq Composite (^IXIC) slid 1.7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. Friday marked the worst week for the S&P 500 and Nasdaq given that December. U.S. Treasury yields scrambled larger subsequent the looking at. The 2-calendar year note surged 12 basis details to 4.81{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} when the 10-12 months take note acquired 7 foundation points to major 3.95{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The Own…

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