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December 7, 2022

Stocks extend recent losses

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks closed broadly lower on Wall Street Tuesday, extending the market's recent string of losses, as traders ponder the Federal Reserve's next moves in its campaign to cool stubbornly hot inflation.

The S&P 500 fell 1.4%, its fourth straight drop. The Dow Jones Industrial Average fell 1% and the Nasdaq composite lost 2%.


 
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