Stocks decline from record highs with US inflation data eyed

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NEW YORK, March 11 - A gauge of global stocks was lower for a second straight session on Monday, retreating further from a record high as investors braced for U.S. inflation data this week which could heavily influence the Federal Reserve's path of interest rates.

The Dow Jones Industrial Average , opens new tab fell 180.11 points, or 0.46%, to 38,546.22, the S&P 500 , opens new tab lost 19.01 points, or 0.35%, to 5,105.57 and the Nasdaq Composite , opens new tab lost 27.01 points, or 0.17%, to 16,060.50. "The market's vulnerable to a catalyst of correction and that catalyst could be inflation numbers, could be comments by the Fed saying,

The STOXX 600 , opens new tab index fell 0.53%, while Europe's broad FTSEurofirst 300 index , opens new tab fell 10.23 points, or 0.51%.

 

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