Stocks sink as inflation sparks fears of higher borrowing costs

  • Stocks sink as inflation sparks fears of higher borrowing costs

    U.S. stocks fell across the board as investors prepare for interest rates to go higher after a series of strong economic reports this week on retail sales and inflation. Energy and tech companies paced the selling, while utilities and consumer staples bucked the downtrend. In commodities, oil fell nearly 4% to the $75 per barrel level.

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