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Weekend US Markets Wrap: Stocks slip as optimism fades

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The S&P 500 drop deepened to down 0.7% while the Nasdaq 100 slid 0.9%

US stocks slumped in the Friday afternoon session while bond yields climbed as traders assessed an unexpected jump in long-term inflation expectations and a fresh warning on the debt-ceiling.

after the results of a preliminary University of Michigan sentiment survey showed consumers expect prices to rise at a 3.2% annual rate over the next five to 10 years, the highest since ...

 

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