Major US indexes recorded sharp declines as investors braced for potential inflation spikes and broader economic impacts. S&P 500 dropped 0. 8% to close at 7, 515. 34, Nasdaq Composite fell 1. 55% to end at 25, 873. 18, while Dow Jones Industrial Average declined 138. 37 points (0. 26%) to 52, 498. 64.
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