Stocks Slide as Retail Earnings Disappoint; Investors Eye Nvidia, Fed Minutes
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Stocks fell on Tuesday as disappointing retail earnings from Lowe's, Best Buy, and others weighed on markets. Investors await Nvidia earnings and Fed minutes.
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The S&P 500 and Dow dropped around 0.3-0.4% in early trading. The Nasdaq fell nearly 1% amid a pullback in tech stocks.
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Retailers like Lowe's, Best Buy, and Kohl's posted disappointing Q3 results and outlooks as consumer spending slows. Dick's Sporting Goods bucked the trend with strong demand.
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The OpenAI drama continues as investors want ousted CEO Sam Altman to return. Microsoft's CEO hinted he may be open to it if conditions are met.
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Markets face a holiday-shortened week light on data. All eyes are on Nvidia earnings and the Fed minutes for clues to policy and AI hype.