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Stocks drop as inflation concerns overshadow strong retail earnings

Stocks drop as inflation concerns overshadow strong retail earnings

Better-than-expected economic data, with retail sales growing by the most since March in October, and strong earnings results from major companies including Walmart (WMT) and Home Depot (HD) helped buoy the broader markets in recent sessions. The latest earnings results from Target (TGT) and Lowe's (LOW) on Wednesday showed continued strength, albeit alongside some lingering concerns over the impacts of supply-side disruptions and rising input costs.

Here were the main moves in markets:

  • S&P 500 (^GSPC): -12.23 (-0.26%) to 4,688.67

  • Dow (^DJI): -211.17 (-0.58%) to 35,931.05

  • Nasdaq (^IXIC): -52.28 (-0.33%) to 15,921.57

  • Crude (CL=F): -$2.29 (-2.84%) to $78.47 a barrel

  • Gold (GC=F): +$13.80 (+0.74%) to $1,867.90 per ounce

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