Stocks slide resumes as Big Tech leads losses
Wall Street retreated with the S&P 500 down 1.1 percent and the Dow off 260 points. Nvidia, Tesla, Alphabet and Palantir fell while Nvidia hosted an event, and Alphabet announced a $32 billion Wiz acquisition. Investors awaited the Fed meeting with hopes for potential rate cuts amid inflation concerns.
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February retail sales show small rebound amid uncertainty
U S shoppers edged up spending 0.2 percent in February after a 1.2 percent drop in January. Gains at groceries, home and garden, and online retailers contrasted with declines at auto dealers, restaurants, and electronics. Analysts warn spending would slow further in the first quarter, while sentiment remains weak amid tariff fears and market volatility.
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Google to buy Wiz for 32 billion in AI cloud push
Google plans an all cash 32 billion deal to acquire Wiz, bolstering Google Cloud amid an AI boom and intensifying cloud data center demand. Wiz founders led by Assaf Rappaport built a five year old security startup now headquartered in New York with Israel roots.
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