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Stocks Fall on Lower Consumer Sentiment


The S&P 500 slipped as fresh data showed that consumer sentiment dwindled in early July, driven in part by concerns over high inflation.
The S&P 500 fell 0.8% and the Dow Jones Industrial Average retreated around 300 points, or 0.9%. The Nasdaq Composite lost around 0.8%.
All three major indexes ended the week with losses.
The past few days have been marked by several choppy sessions of trading as investors parsed a higher-than-expected inflation reading on Tuesday. Federal Reserve Chairman Jerome Powell sought to reassure markets that the central bank sees the rise in prices as uncomfortable but transitory and isn’t in a …

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