Nasdaq 100 Tumbles 1.1% as Hot PPI and $100 Oil Stoke Fed Hike Fears

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U.S.
stocks tumbled as hotter-than-expected August PPI and crude oil topping $100 per barrel pushed September Fed rate hike odds above 70%.
The tech-heavy Nasdaq 100 fell 1.1%, pressured by broad declines across major semiconductor and mega-cap technology shares including Nvidia, AMD, Meta, and Amazon.

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