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US stocks stumble after a discouraging update on inflation

NEW YORK (AP) — The U. S. stock market is under pressure Tuesday after a report showed inflation was worse across the country last month than economists expected. The S&P 500 fell 0. 6% and gave back some of its big rally from the day before. The Dow Jones Industrial Average was down 154 points, or 0. 3%, as of 9:35 a. m. Eastern time, and the Nasdaq composite was 0. 8% lower. Pressure from the bond market undercut stocks following the discouraging report on inflation. People had to pay for...

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