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US equities open as inflation persists


US equities opened lower on Friday after new data showed that inflation accelerated in May.

The S&P 500 fell 1.5% shortly after opening. The Dow Jones Industrial Average fell 483 points, or 1.5%, and the Nasdaq Composite fell 1.8%. US stock quotes posted their biggest falls in more than three weeks on Thursday, putting the indices on course to end the week with losses.

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