Nasdaq, S&P 500 Fall Again on Hot CPI; Third Straight Loss — SkimNews
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- Nasdaq ended sharply lower after the hot CPI print bolstered bets that the Federal Reserve will keep raising interest rates.
- S&P 500 fell for a third straight session on the same data, with AI stocks among the hardest-hit sectors as rate-hike expectations firmed.
Why it matters: A third consecutive losing session for the S&P 500, driven by a hot CPI print, shows traders repricing away from rate cuts and toward further Fed tightening, with rate-sensitive AI and tech names absorbing the steepest selling.
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