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Published on 9 May 2022 on ETF.com via Yahoo Finance

Investors Dump Stock ETFs Ahead Of CPI Data

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Panicky investors continued to dump stocks today as intense concerns about inflation and interest rates weighed on the markets. Selling was led by tech stocks, though the broader S&P 500 was far from immune from the onslaught.

The Vanguard Information Technology ETF (VGT) fell as much as 4.2%, the Invesco QQQ Trust (QQQ) sagged as much as 3.6% and the SPDR S&P 500 ETF Trust (SPY) lost 2.9%.

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