"Target's Earnings Beat Propels Stock Market Rally"

Stocks extended their rally as investors reacted positively to lower-than-expected inflation data in the US and UK, suggesting that central banks may halt their aggressive interest rate hikes. Target Corp. saw a 14% surge in pre-market trading after beating profit estimates, driven by improved inventory management and fewer discounts. Futures for the Nasdaq 100 and S&P 500 also rose. The market is now awaiting US retail sales and producer prices data for further confirmation of an economic slowdown, which could prompt the Federal Reserve to pause its monetary tightening. In Asia, stocks rose as China increased economic support, and European mining shares were boosted by rising iron ore futures.