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US stocks slip following a discouraging update on inflation

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, electricity and other costs...

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