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Dollar Tree Inc (NASDAQ:DLTR) shares are trading lower Tuesday morning. The discount retailer’s slide comes amid a broader market retreat as investors digest weak economic data and heightened geopolitical risks.
Broad Market Sell-Off Pressures Retail
U.S. equities opened in the red today, with the Dow Jones Industrial Average falling 0.48%. The Nasdaq dropped 0.59%, while the S&P 500 declined 0.44%. Within the market, the consumer discretionary sector faced significant headwinds, falling 1.1% during Tuesday’s session.
Durable Goods Orders Decline
Adding to the bearish sentiment, U.S. durable-goods orders fell by 1.4% month-over-month to $315.5 billion in February. This marks the …
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