U.S. stocks fall sharply Wednesday morning, slumping after Tuesday’s bounce


The U.S. stock market was trading sharply lower Wednesday morning, failing to extend Tuesday’s bounce, as retailer Target Corp. fell into the spotlight after reporting a big earnings miss for its fiscal first quarter. The Dow Jones Industrial Average DJIA, -1.62% was trading around 1.2 % lower, the S&P 500 SPX, -1.88% was down 1.5% and the Nasdaq Composite COMP, -1.96% had a decline of 1.8%, according to FactSet data, at last check. Shares of Target TGT, -24.88% plunged around 26% after reporting its profit miss, becoming the biggest loser in the S&P 500 index, FactSet data show, at last check.

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

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