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Hotter-than-Anticipated Inflation Report Weighs on Equities

Advertisment The S&P 500 tumbled and interest rates spiked Wednesday after consumer prices rose more than expected in January, raising concern that inflation may reignite. The Dow Jones Industrials fell 225.09 points to close Wednesday at 44,368.56 The much-broader index dropped 16.53 points to 6,051.97 The tech-heavy NASDAQ eked higher 6.09 points

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TSX Lower by Noon

Canada’s main stock index fell on Wednesday, dragged by technology stocks, after a key U.S. inflation report slashed expectations of interest rate cuts by the Federal Reserve this year. The TSX Composite Index slid midday 29.44 points to 25,602.39 In company news, Barrick Gold on Wednesday beat analysts’ estimates for fourth-quarter profit

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