U.S. stock indexes open lower Tuesday in wake of Target warning

0
13

All three major U.S. stock benchmarks were trading down Tuesday morning, sliding after retailer Target Corp. delivered a profit warning and a plan for additional markdowns in the second quarter as it seeks to reduce excess inventories. The Dow Jones Industrial Average was trading about 0.6% lower, while the S&P 500 was down around 0.7% and the Nasdaq Composite fell about 0.9%, according to FactSet data, at last check. Target said Tuesday that it now expects its operating-margin rate will be around 2% in the second-quarter, lowering the guidance it provided last month.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleAvocado, citrus producer Limoneira sees avocado prices even higher
Next articleThe Number One: The best bar in North America is this NYC speakeasy known for custom cocktails

LEAVE A REPLY

Please enter your comment!
Please enter your name here