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US stock market: Nasdaq, Dow drop as hawkish Fed official comments weigh | Economic Times

US stock market: Nasdaq, Dow drop as hawkish Fed official comments weigh https://ift.tt/tv1rcmW showed the number of Americans filing new claims for unemployment benefits fell last week, suggesting the labor market remained tight. A report on Wednesday detailed strong retail sales growth last month, indicating the economy has weathered rate hikes.
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