"Market Volatility: Inflation Data, Chip Selloff, and Rate Cut Bets"
TL;DR Summary
The S&P 500 and Dow Jones fell after a higher-than-expected wholesale inflation print, with the Nasdaq wavering. Nvidia and Tesla shares declined, while retail sales rebounded in February but fell short of estimates. Oil prices rose due to falling inventories and drone attacks on Russian refineries. Investors are closely watching these economic indicators ahead of the Federal Reserve's upcoming policy meeting.
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