Amidst fears of inflation and interest rate hikes, US stocks closed lower with the Dow falling over 600 points despite Nvidia's strong earnings. Economic data hinting at more inflation pressure caused uncertainty, impacting market sentiment.
The Dow Jones closed above 40,000 for the first time, led by gains in companies like Caterpillar and UnitedHealth Group. Concerns about rising interest rates are influencing global markets, with the DAX expected to open lower and Asian markets weaker.
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