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Stocks Fall as Outlook for Rate Cuts Looks Delayed

Stocks Fall as Outlook for Rate Cuts Looks Delayed

The major U.S. indexes fell on Thursday, as investors found risks to the inflation outlook in the latest economic data. The S&P 500 was off 0.5%, while the tech-heavy Nasdaq Composite declined 0.6%. Both the S&P 500 and the Nasdaq broke their three-day winning streaks.