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Major U.S. stock benchmarks ended sharply lower Wednesday, with the tech-heavy Nasdaq Composite index suffering the steepest decline, after the Federal Reserve released minutes of its December meeting that showed officials eyeing potentially faster and earlier rate hikes amid high inflation. The Nasdaq COMP, -3.34% dropped about 3.3%, the S&P 500 SPX, -1.94% fell about 1.9% and the Dow Jones Industrial Average DJIA, -1.07% lost about 1.1%, according to preliminary data from FactSet.
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