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Dow drops more than 400 points as a hot inflation report rattles Wall Street: Live updates

U.S. stocks fell sharply Friday after the Federal Reserve’s preferred inflation gauge showed a stronger-than-expected increase in prices last month. The Dow Jones Industrial Average fell by 472 points, or 1.4%. The S&P 500 and Nasdaq Composite slid 1.6% and 2.0%, […]