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Nasdaq falls in volatile trading as traders struggle to find their footing after another hot inflation report

Stocks dipped on Wednesday, stepping back earlier gains as investors continued to digest the latest U.S. inflation data. The Nasdaq Composite fell 2.7%, the S&P 500 slipped 1.4% and the Dow Jones Industrial Average traded down 266 points or 0.8%. Tech shares struggled on Wednesday, tempering gains for the Nasdaq. Meta Platforms and Netflix each …