Wednesday's worst-performing stocks mostly come from this one sector that has investors really worried

Consumer stocks were hit hard on May 18 as disappointing earnings reports from Target Corp. and Walmart Inc. led to double-digit declines for many retailers.

Shares of Target TGT fell 25% after the company reported... Consumer stocks were hit hard on May 18 as disappointing earnings reports from Target Corp. and Walmart Inc. led to double-digit declines for many retailers. Shares of Target TGT fell 25% after the company reported a 48% decline in earnings per share for its first fiscal quarter from the year-earlier quarter.Target’s disappointment came after Walmart reported a 24% decline in quarterly profit. Shares of the largest U.S. retailer fell 7% on May 18, following an 11% decline the previous day.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 Things to Know Before the Stock Market Opens WednesdayU.S. stock futures dropped Wednesday as rising inflation slammed another retailer.
Source: nbcchicago - 🏆 545. / 51 Read more »

Stocks end mostly lower, extending losing streak for S&P 500Stocks closed a wobbly day of trading mostly lower on Wall Street on Monday, extending a losing streak for markets.
Source: latimes - 🏆 11. / 82 Read more »

More Crypto Market Turmoil Is Predicted by SEC Chairman Gary GenslerSecurities and Exchange Commission Chairman Gary Gensler said Wednesday he worries that more investors will be harmed in cryptocurrency markets, after this month’s implosion of the stablecoin known as TerraUSD Yeah, nobody is losing anymoney in the stock market, right? bloody worm Gary really cares, about controlling how you spend your money.
Source: WSJ - 🏆 98. / 63 Read more »