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US stocks sink as inflation beat seals jumbo hike; Nasdaq cracks 3%
The Dow Jones Industrial Average fell 500 points, or 1.73%. The S&P 500 slipped 2.10% and the Nasdaq Composite slumped 3.08%. The yield on the 10-year U.S. Treasury spiked above 4% as bonds sold off - yields are inverse to price.