US stocks drop after retailer Target warns of hit to margins - Financial Times


5/18/2022 12:00:00 AM2 years 11 months ago
by Naomi Rovnick, Nicholas Megaw

Downbeat earnings from big consumer-focused groups add to sense of gloom on Wall Street

Wall Street stocks fell and bond prices jumped on Wednesday as weak earnings reports by consumer bellwethers stoked concerns about the impact of inflation and choked-up supply chains on corporate ear… [+3197 chars]

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