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flag U.S. stocks fell Wednesday despite strong jobs and spending data, as investors worried about interest rate hikes and inflation.

flag U.S. stocks dipped slightly on Wednesday despite strong economic data showing robust job growth and rising consumer spending, as investors remained cautious about potential interest rate hikes and ongoing inflation concerns. flag The S&P 500 and Nasdaq closed lower, while the Dow Jones Industrial Average edged down marginally. flag Market participants focused on the Federal Reserve’s upcoming meeting, with many expecting a pause in rate cuts despite the positive indicators.

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