Stocks fall sharply as Target's woes renew inflation fears

lost a quarter of its value after reporting earnings that fell far short of analysts’ forecasts. In a sign of the impact of inflation, particularly on shipping costs, Target said its operating margin for the first quarter was 5.3%. It had been expecting 8% or higher. The company also said consumers returned to more normal spending habits, switching away from TVs and appliances and buying more toys and travel-related items.said its profit took a hit from higher costs.

Other big retailers also racked up hefty losses. Dollar Tree fell 14.4% and Dollar General slid 11.1%. Best Buy fell 10.5% and Amazon fell 7.2%. All told, more than 95% of stocks in the S&P 500 closed lower. Utilities also weighed down the index, though not nearly as much as the other 10 sectors, as investors shifted money to investments that are considered less risky.

Stocks have been struggling to pull out of a slump over the last six weeks as concerns pile up for investors. Trading has been choppy on a daily basis and any data on retailers and consumers is being closely monitored by investors as they try to determine the impact from inflation and whether it will prompt a slowdown in spending. A bigger-than-expected hit to spending could signal more sluggish economic growth ahead.

Folks are already buying less and shall worsen. Restaurants/small businesses are months from at risk of closing. Crime will continue to rise. Fuel prices will continue to go up. Vacation appetite will decrease. More.

I'm not rich so I don't give a shit.

De mocrats in charge.

Poor companies making record profits by price gouging

Or, it could be that people always regret going to Target.

They're more worried about the company than the consumer.

Biden, Inc. 🔥🎻🤣 Keep voting Democrat

I was telling my wife a joke about inflation, but she didn't get it. It really fell flat.

If you have to spend all you money on gasoline, other purchases will be cut back.

Companies doing deliberately inflation to profit

Our elected officials are hurting businesses. corrupt

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Stocks Making the Biggest Moves Premarket: Target, Walmart, Carrier Global and OthersThese are the stocks posting the largest moves before the bell.
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