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Stocks Tumble as Hot PPI and $100 Oil Spark Fresh Rate Hike Fears

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • U.S.
  • stock indices dropped as hotter-than-expected August PPI inflation and crude oil surging past $100 per barrel stoked Federal Reserve rate hike fears.
  • Tech and semiconductor equities led the downturn, with NVDA, AMD, and AVGO posting significant losses amid escalating Middle East tensions.
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