Dow Jones, Nasdaq, S&P 500 weekly preview: Lofty valuations face inflation test

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The S&P 500 slipped 0.32% to 6,481.50, the Nasdaq Composite edged down 0.03% to 21,700.39, and the Dow Jones Industrial Average lost 220.43 points, or 0.48%, to 45,400.86. All three indexes had …