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US Stocks Fall to Two-Month Low Amid Higher Volatility

U.S. stocks closed lower, dropping to a two-month low level on Friday. All three major indices declined to levels not seen since mid-July, while the S&P 500 index settled below the major 3,900 level. Hotter-than-expected data on inflation raised prospects of an interest rate increase of at least 75 basis points at this week’s policy meeting.

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