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

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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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