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March 4, 2021
Stocks closed lower Wednesday as another rise in bond yields fueled concerns on Wall Street that higher inflation is on the way as the economy picks up.
The S&P 500 dropped 1.3%, shedding an early gain. The pullback is the benchmark index's second straight loss after clocking its best day in nine months on Monday. Technology companies bore the brunt of the selling, pulling the S&P 500's tech sector down 2.5%. Microsoft and Apple were both fell more than 2%.
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