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Nasdaq falls 3% as disappointing inflation data slams stocks

Trading on Twitter shares halted after merger completed: NY Stock Exchange
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Wall Street stocks tumbled early Thursday as another disappointing consumer inflation report set the stage for more aggressive Federal Reserve interest rates hikes.

Losses on the Nasdaq hit three precent, while both the Dow and S&P 500 were down around two percent, touching two-year lows as the data showed prices rising twice as fast as expected in September.


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Agence France-Presse (AFP) is a French state-owned international news agency based in Paris. It is the world's oldest news agency, having been founded in 1835 as Havas.

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