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The S&P 500 also shed 1.7% — marking the biggest one-day percentage fall for both indexes since Dec. 18, according to Dow Jones Market Data. The tech-heavy Nasdaq Composite COMP lost 2.2%. The small-cap Russell 2000 took it especially hard, tumbling 2.9% — also its worst day since Dec. 18. “Markets have a way of ignoring problems until they become unavoidable, and right now, stagflation risks — once dismissed as a relic of the 1970s — are creeping back into the conversation,” said Stephen...