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May 13, 2021

Stocks plunge as inflation worries mount

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Inflation worries rattled Wall Street Wednesday, pulling the Dow Jones Industrial Average more than 680 points lower and placing the major stock indexes on track for their worst week in more than six months.

The selling came as investors reacted to a surprisingly big jump in inflation last month that stoked concerns that the economy may bounce back too fast from its pandemic-induced doldrums.


 
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