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Technology stocks, communication companies and retailers had some of the biggest losses. Apple fell 2.5%, Disney slid 3.8% and AutoZone dropped 2.8%. “And then when we get the occasional robust jobs report and inflation report that makes it clear that inflation remains quite problematic and it’s not decelerating as quickly as anyone would like," Merz said.
Wall Street will get a weekly update on unemployment claims on Thursday. The job market has been one of the stronger pockets in the economy.
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