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Key Highlights

Hotter-than-expected wholesale inflation triggered market pullback.

S&P 500 , Dow Jones , and Nasdaq all posted early declines.

Tapestry and Deere shares fell on weak outlook and forecasts.

Investors weigh inflation data ahead of upcoming Fed decision.

NEW YORK (AP) — Wall Street is retreating from its record heights after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected. The S&P 500 fell 0.4% in early trading Thursday. The Dow Jones Industrial Average was down 149 points, and the Nasdaq composite was down 0.3%. The hotter-than-expected inflation report forced traders to second guess the widespread consensus that the Federal Reserve will deliver some relief next month by c

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