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U.S. stock prices continued their slide lower as investors grappled with turmoil in UK financial markets and inflation data that paved the way for the Fed to continue their hawkish monetary policy.

U.S. stock prices ended the week with a sharp decline. Most of the losses were at end of the week after Fed chair Powell’s statement that regardless of unemployment levels, raising interest rates and holding them at an elevated level until inflation is tamed remains the priority.

U.S. stock prices ended the week lower, snapping a string of four consecutive weekly gains for the S&P 500 and NASDAQ as investors digested a host of earnings and economic data.

U.S. stock prices moved higher for the fourth straight week, the longest string of weekly gains since November 2021, as investors welcomed the idea that consumer prices may have peaked.

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