• U.S. stocks slide, Nordstrom and Gap crushed

  U.S. stocks fell across the board as technology and consumer discretionary names paced the declines. Investors punished disappointing results from both Gap and Nordstrom, driving shares down over 20% each. In commodities, oil held steady at the $78 per barrel level as investors await any decision on OPEC following President Biden's decision to release strategic petroleum reserves.

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