Stock Market

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Strategists who follow charts say Tuesday's market turmoil was negative and signals more selling, but they also see the potential for a fourth quarter rally. ...
The major U.S. stock averages opened lower after a government report on consumer prices showed higher than expected inflation. Declining gasoline prices were offset by gains in the costs of rent and food, giving cover for the Federal Reserve to deliver another hefty interest rate increase next Wednesday. Core CPI rose to annualized rate of 6.3%. The Dow Jones Industrial Average fell 374.84 points, or 1.16%, at the open to 32,006.50. The S&P 500 opened lower by 73.29 points, or 1.78%, at 4,037. ...
Tuesday’s decline in stocks was the largest in more than two years. A steep rise in housing inflation was a big reason. ...
The aging folk musician walked out in front of the flood of Democrats on the South Lawn and after sitting on a stool played the song Fire & Rain to celebrate Biden's multibillion-dollar green energy spending bill disguised as an "inflation reduction" law. | Politics ...

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