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Market Snapshot: Dow sinks 450 points as Nasdaq tumbles 7% from record high on concerns about inflation and Washington’s debt feud

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U.S. stock benchmarks are under pressure Monday afternoon, with the path for equity markets uncertain, as tense negotiations on the debt ceiling play out and the U.S. economy attempts to rebound from the COVID-19 pandemic as concerns about sticker-than-expected inflation grow.

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