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Tech stocks were weighed down on Tuesday by a higher-than-expected increase in wholesale-level inflation, which also took a toll on the rest of the market.
The Nasdaq lost nearly 33 points, or 1.3%, to 2384 in recent trading.
Shares of AT&T(T Quote) fell 1.9% to $30.80 after Credit Suisse lowered its price target on the stock to $36 from $39, citing higher cost of capital as a result of a weak macroeconomic environment. ...
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