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Wall Street falls amid inflation concerns
Wall Street experienced declines due to inflation data exceeding expectations, with the September Producer Price Index registering a monthly increase of 1.3%, the highest in four and a half years, along with a 10.8% rise in energy costs. This led to a 1.5% drop in the Nasdaq, a 0.5% decrease in the S&P 500, while the Dow Jones rose by 0.6%. The market continues to be cautious about the Federal Reserve's tight monetary policy amid high inflation and a strong labor market.
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