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Nvidia Leads Market Fall
U.S. stocks fell Tuesday after inflation rose more than expected in October. The S&P 500 dropped 0.38%, the Dow Jones fell 0.30%, and the Nasdaq declined 0.74%. Nvidia led the losses, sliding more than 5%, while the 10-year Treasury yield rose above 5% amid growing concerns about tighter monetary policy. The data showed the Consumer Price Index rose 0.4%, compared with expectations of 0.3%. Federal Reserve official Christopher Waller favored a rate hike in December and did not rule out an increase of half a percentage point.
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