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Benzinga
Benzinga
Business
Henry Khederian

S&P 500 Falls For 7th Consecutive Week Amid Ongoing Inflation, Federal Reserve Rate Hike Fears

U.S. indices rebounded off session lows Friday to finish mixed. Markets at large traded lower this week amid a continued sell off in stocks following recent earnings from retail companies. Concerns over recent inflation data and further Federal Reserve policy tightening also continue to weigh on stocks.

The Nasdaq composite, S&P 500 and Dow Jones are now lower by 28.28%, 18.66% and 14.52%, respectively, on a year-to-date basis amid the ongoing market selloff.

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