Target’s stock drops
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Why Target (TGT) Stock Is Falling Today
What Happened? Shares of general merchandise retailer Target (NYSE:TGT) fell 7.6% in the afternoon session after the company reported mixed second quarter earnings. Traffic to its stores fell and gross margin slightly missed.
Target reported yet another quarter of weak financial results, with comparable sales down 1.9%, and the cheap-chic retailer reaffirmed its expectation that sales will decline by a low single-digit percentage this year,
The stock market dipped on Wednesday, driven by a decline in tech stocks and Target announcing the appointment of a new CEO
Live Updates Live Coverage Has Ended Wednesday Wrap-up 4:32 pm The Vanguard S&P 500 ETF closed at 586.58 Wednesday, down 0.26%. Analog Devices Performs Like Clockwork 12:20 pm We’re not done with earnings news yet,
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Why Target Plunged Today
Better-than-feared earnings weren't enough to offset pessimism over CEO Brian Cornell's retirement and replacement with an insider.
President Trump's tariffs continue to affect global markets and the economy. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
U.S. stock futures are moving lower as investors digest retail earnings reports and look ahead to Federal Reserve meeting minutes released later today. Nasdaq futures are lower by 0.2% after the tech-focused index plunged by 1.
US stock futures steadied on Wednesday after a bruising day for tech stocks, as investors weighed the latest retail earnings and waited for Federal Reserve minutes to provide clues to interest-rate cuts.
President Trump's tariffs continue to affect global markets and the economy. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
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