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A late rally helped salvage a rough day on Wall Street after another inflationary economic report. The PPI report was much hotter than expected and stocks, which opened higher, started to sell off. If not for that late rally, it was looking like some kind of a washout day, but support was holding in some key areas. The losses in the three main large cap indices were moderate with each losing near 0.3%, but small caps do not like higher interest rates and bond yields were up big.

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