Stocks slide for 3rd day, discount retailers buck downtrend

  • Stocks slide for 3rd day, discount retailers buck downtrend

    All three of the U.S. benchmarks slipped after Federal Reserve Chairman Jerome Powell reiterated interest rates will be higher by year-end. The Nasdaq Composite led the declines as Tesla and Intel dipped. On the flip side, discount retailers rallied after Dollar Tree delivered an upbeat forecast, shares of Big Lots rose in tandem.

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