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By Amalya Dubrovsky and Karen Friar

A retreat in US stock futures picked up pace on Wednesday in the wait for the latest inflation reading, while renewed US-Iran military clashes cast doubt on the odds for peace negotiations.
Nasdaq 100 futures (NQ=F) led the pullback, down 1.7% as Tuesday's sell-off in tech stocks deepened. S&P 500 futures (ES=F) sank 1.2%, while those on the Dow Jones Industrial Average (YM=F) fell around 1%.
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