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Nasdaq slides as big tech retreats after inflation tops 4.0% and Apple drops 6.1%

U.S. inflation rose above 4.0% on Thursday for the first time in three years, while GDP was revised higher and jobless claims unexpectedly fell, reinforcing expectations of a Federal Reserve rate hike. The Nasdaq fell sharply as Apple slid 6.1% and other major tech names including Nvidia, Microsoft, Alphabet, Micron and Qualcomm weakened. The Dow edged higher, while the S&P closed roughly flat.
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