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Article Summary
- Stocks slide after release of inflation data
- Tech sector leads Nasdaq downturn
- Market reactions to economic indicators
- Potential impact on investors and financial markets
- Analysis of current market trends and implications Tone: Neutral and informative
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Stocks Slide After Inflation Data; Tech Leads Nasdaq Downturn
Wall Street’s main indexes closed lower today, with the Nasdaq leading declines, as technology stocks slumped on Thanksgiving eve on worries the Federal Reserve may be cautious about rate cuts after stubbornly strong U.S. inflation data.
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