U.S. stocks sold off sharply after Jerome Powell warned that rising oil prices could fuel inflation, as the Federal Reserve held rates steady.
Beneath the broad decline, high-conviction moves (±4%+) were concentrated in retail winners and selective laggards.
Top Gainers
Macy's (M): +9% Surged after strong earnings beat and better-than-expected comparable sales. Williams-Sonoma (WSM): +4.5% Jumped on profit beat, strong outlook, and dividend increase.
Top Losers
Defensive & Consumer Weakness General Mills (GIS): -3% (near threshold) Declined after earnings release disappointed investors. Visa (V): ~ -3% , McDonald's (MCD): ~ -3%