• Stocks slide as consumer prices surge by most in over 30 years

  Stocks pulled back across the board after consumer prices surged 6.2%, year-over-year, in what is another hot read on inflation. The Nasdaq Composite paced the early selling with a drop of 0.7% led by Apple and chip maker Nvidia. In commodities, assets to help hedge inflation rose, including gold and bitcoin. Elsewhere, electric truck maker Rivian, whose backers include Amazon, are set to go public in what is expected to be a strong debut.

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