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Wall Street set to extend slide on shock inflation data

Wall Street set to extend slide on shock inflation data

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6.30am: US stocks seen opening down US stocks are expected to extend their slide after worse-than-expected inflation data for January raised expectations that the Federal Reserve will accelerate interest rate hikes to curb rising prices.  Futures for the Dow Jones Industrial Average fell 0.38% in Friday pre-market trading, while those for the broader S&P 500 index dropped 0.51% and the Nasdaq 100 declined by 0.75%.

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