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Inflation Shock Shakes Wall Street as Nasdaq Falls 0.7%

Published: · Source: hankyung.com

Inflation Shock Shakes Wall Street as Nasdaq Falls 0.7%
TL;DR: An inflation shock weighed on investor sentiment in New York trading, pressuring major stock indexes while the tech-heavy Nasdaq fell 0.7%.
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Major U.S. stock indexes came under pressure in New York trading as an inflation shock weighed on investor sentiment. According to a New York stock market briefing reported by Korea Economic Daily, the tech-heavy Nasdaq index declined 0.7%. The key factor behind the session was the price shock, with market participants watching how inflation-related pressure affected index movements. Broader major indexes showed weakness, while the Nasdaq’s 0.7% fall was highlighted as the main figure in the report. Market volatility may continue depending on how investors respond to inflation signals. Source: hankyung.com

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