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Inflation Hits Tech Stocks
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Technology sector faces a downturn as higher-than-expected inflation rates prompt concerns over valuations and deter hopes of a June rate cut. Tesla shares decline by approximately 3% amid market unease. Inflation surges to 3.5% in March, fueled by housing and energy price hikes, impacting transportation and food sectors differently.
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How could the Federal Reserve's stance on interest rates impact the broader economy in light of rising inflation?
How might the tech sector adapt to mitigate risks associated with inflation-induced market fluctuations?
What strategies could investors employ to navigate the current market conditions influenced by inflation trends?
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