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Nasdaq Falls 2% as Tech Selloff Batters Indexes: Markets Wrap

  • Stocks fall amid growing fears of persistently high inflation
  • 10-year yield pares gains while dollar falls for third day
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Crossmark's Bob Doll Expects U.S. Stocks to 'Tread Water'(Source: Bloomberg)
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U.S. stocks declined Monday as a selloff in technology stocks resumed on the threat of persistently high inflation. 

The S&P 500 fell 1.3% -- dipping below its 100-day moving average -- while the Nasdaq 100 shed 2.2% and the Dow Jones Industrial Average slid 0.9%.