Economic TimesLean R·
US stocks: US market falls as hot inflation revives rate-hike fears; Nvidia sinks
On Tuesday, Wall Street faced a downturn as inflation figures surpassed projections, raising worries about potential interest rate hikes. The declines were evident across the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite indices. While financial stocks showed minor gains, technology shares, especially Nvidia, experienced fluctuations due to uncertainty in leadership. Anthropic's looming IPO threatens to heat up competition in the AI field.
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