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All three major averages posted losses in a volatile week. The Dow Jones Industrial Average led the way down, tanking more than 500 points on Friday alone, and ended the week with a 2.7% decline. The broad-based S & P 500 index dropped 1.6%, while the tech-heavy Nasdaq Composite dipped 0.5% The cause of the decline: A slightly hotter-than-expected March consumer price index (CPI) report on Wednesday pushed up Treasury bond yields and forced investors to reconsider the number of interest-rate cuts this year from the Federal Reserve. With the economy still humming along, it’s less likely the central bank…
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