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(TheStreet) -- Stocks were trading nearly 1% lower Friday, driven by rising inflation concerns and a stronger dollar.
The Dow Jones Industrial Average was down by 118 points, or 0.9%, at 12,578. The S&P 500 was lower by 12 points, or 0.9%, at 1337, and the Nasdaq was off by 31 points, or 1.1%, at 2832.
Financial and conglomerate stocks were bearing the brunt of declines. JPMorgan Chase
JPM, Bank of America
BAC, Travelers
TRV and General Electric
GE were the Dow's biggest laggards while Pfizer
PFE, Coca-Cola
KO and Kraft Foods
KFT were showing the strongest gains.
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