Industry Newsfinancial marketsmacrosemiconductorsenergy
Dow Jones Falls Amid Inflation And Production Data
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3.9
The Dow Jones fell 443.96 points (-0.96%) to 45,577.47 today as renewed inflation worries and weak industrial production spurred a sell-off in cyclical sectors. Heavyweights Boeing, Honeywell and Nvidia led losses while defensive names including Verizon and Chevron gained amid rotation into high-dividend and energy stocks. Investors reacted to Federal Reserve signals that rates may stay higher for longer, pressuring capital-intensive and growth firms.
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