Retail sales stabilize after February dip in cautious economy
U S shoppers nudged spending up 0.2 percent in February following a 1.2 percent drop in January signaling cautious consumption amid stock market turmoil tariff threats and fiscal cuts. Excluding gas and autos sales rose 0.5 percent with autos, gas, and some retailers weaker.
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Wall Street slides as tech giants lead selloff
The S&P 500 fell 1.1 percent and the Dow dropped 260 points while the Nasdaq sank 1.7 percent. Tesla slumped 5.3 percent amid concerns over CEO Elon Musk and White House spending cuts. Alphabet slid 2.2 percent after agreeing to buy Wiz for 32 billion, its largest ever acquisition, boosting Google Cloud amid AI growth. Nvidia dipped 3.3 percent as AI hype persists, with other tech names tumbling amid tariff worries and market retrenchment.
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