Dow Jones falls as inflation and uncertainty weigh market
The Dow Jones industrial average dropped over 40 points for the week, the steepest decline in years, as inflation and uncertainty pressured prices on the New York Stock Exchange. The Dow closed around 5922.71 with a low for the year, while the S&P 500 fell to 108.44 and market activity showed 1,604 advances to 1,228 declines on 77 million shares traded.
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Stock Market Slides Amid Inflation Fears on Wall Street
Wall Street trading shows mixed activity as inflation fears and market uncertainties keep investors cautious. Brokers report brief rallies from short covering and selective buying driven by individual news developments.
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