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Stocks open lower after hot January CPI reading

Stocks open lower after hot January CPI reading

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Stocks opened lower Thursday, with the tech-heavy Nasdaq Composite leading the way lower after January inflation data came in hotter than expected. The Dow Jones Industrial Average DJIA, -0.40% fell 247 points, or 0.6%, while the S&P 500 SPX, -0.76% shed around 1% to 4,541.

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