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The S&P 500 dipped 0.4% due to rising inflation, as shown in the latest CPI report. State Street (-7.3%) and BlackRock (-5.9%) fell short of earnings expectations. Conversely, Nvidia surged 4% to a record high after announcing the resumption of its top AI chip sales in China, boosting other AI stocks like Supermicro (6.9%) and AMD (6.4%). The Dow dropped 1%, while the Nasdaq hit a record high.

Prepared by Christopher Adams and reviewed by editorial team.