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Stock market today: Dow, S&P 500, Nasdaq slide as Powell says Fed in no 'hurry' on rate cuts

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Dow Jones Industrial Average (^DJI) slipped 0.5% or more than 200 points, S&P 500 dipped 0.6% on Thursday .

Fed Chair Powell said in a speech that the central bank doesn't need to be "in a hurry" to lower interest rates.

Consumer inflation data kept hopes for a December rate cut aloft.

Tesla (TSLA) stock declined over 5% as investors are taking profits off the table following the " Trump trade" surge.