Stocks Slide as Strong Retail Data Tempers Hopes for Rate Cuts
• Wall Street slips as economic data reduces hopes for imminent interest rate cuts • Retail sales stronger than expected; yields on bonds climb higher • Higher yields hurt growth stocks like Tesla, Nvidia, Apple and Amazon • Comments from Fed and ECB officials suggest rate cuts may not come as soon as markets expect • Stock indexes fall worldwide - down in Europe, Asia and Japan after slump on Wall Street