The stock market took a hit today as the S&P 500 and Nasdaq both slid after a key Federal Reserve inflation gauge showed progress faltering. Investors closely watched the market as the Fed’s gauge indicated a slowdown in inflation progress. This news caused the S&P 500 and Nasdaq to slide, reflecting the uncertainty in the market. Investors will continue to monitor the situation closely as they assess the impact of this development on their portfolios.
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