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stock market fluctuates as investors eye inflation and bond yields
Stocks are experiencing a pullback, with the Dow slightly up while the S&P 500 nears the end of the post-election rally. Investors are closely watching inflation data, with expectations for a rise in the annual CPI to 2.9% and a slight dip in the monthly core reading to 0.2%. Tech stocks are under pressure, and Macy's has projected fourth-quarter sales at the lower end of its outlook, as concerns about potential 3% inflation in 2025 linger in the bond market.
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