U.S. Stocks Pulling Back Sharply Following Hotter Than Expected Inflation Data

Stocks have moved sharply lower in morning trading on Tuesday, giving back ground following the substantial rally seen over the past several sessions. The major averages have all shown significant moves back to the downside.

In recent trading, the major averages have fallen to new lows for the session. The Dow is down 743.04 points or 2.3 percent at 31,638.30, the Nasdaq is down 402.82 points or 3.3 percent at 11,863.59 and the S&P 500 is down 108.61 points or 2.6 percent at 4,001.80.

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by RTTNews Staff Writer

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