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Stock Market Reacts to PPI Report
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Overview
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Stocks decline following a hotter-than-expected producer price index report and a lackluster consumer sentiment index, with the Dow Jones Industrial Average down 109 points. The tech-heavy Nasdaq is set to snap a five-week winning streak, while the benchmark S&P 500 also lost some momentum this week.
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How might the decline in the Nasdaq's winning streak affect the overall performance of the tech industry and related companies?
How might the stock market's reaction to inflation data impact investor sentiment and investment strategies?
What factors contribute to the fluctuation in consumer sentiment and its impact on the stock market?
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