Worries Over Inflation Send U.S. Market Down

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"There aren't any indications that the U.S. economy is going into recession. I'm fairly bullish as business is fairly valued," Peter Dunay, it strategist at Leeb Capital Management in New York, told Bloomberg.

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U.S. stocks closed Wednesday trading session lower with losses the particular financial sector partly offset by gains in liveliness. The Down Jones Industrial Average closed down at 10,835.28, the S&P 500 dropped 0.3% to 1,144.73, as well as the Nasdaq Composite ended down 0.1% to 2,376.56.

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