Target Faces Challenges with Earnings Miss and Stock Plunge
TL;DR Summary
The S&P 500 closed flat on Wednesday as markets awaited Nvidia's earnings report. Target shares plummeted 21.4% after missing quarterly estimates due to cautious consumer spending, while Keysight Technologies surged 8.8% on strong earnings driven by AI investments. Humana and CoStar Group also saw significant gains, while Qualcomm shares fell 6.3% amid concerns over its growth outside smartphones. Major indexes showed mixed results, with the Dow gaining 0.3% and the Nasdaq dropping 0.1%.
- S&P 500 Gains and Losses Today: Target Stock Tumbles as Earnings Miss the Mark Investopedia
- Target sounds the alarm bell on holiday shopping CNN
- Target’s in Trouble. How it Could Turn Business Around. Barron's
- Target’s Stock Plunges 21% on Weak Sales Ahead of Holiday Season The New York Times
- A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter The Associated Press
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