HomeMarketsU.S. Economy & JobsStock Market Today: Worst Session Since 2020, Target Dragging Retail, & TJX As An Outlier
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Stock Market Today: Worst Session Since 2020, Target Dragging Retail, & TJX As An Outlier

Dow Jones today was down alongside the S&P 500 Index or the SPX, Russell 2000, and Nasdaq-100. The stock market had the worst day since 2020. Only 9 stocks in the S&P 500 closed positive. The crude oil price finished over 2% lower, while the U.S. Dollar Index was up slightly. Also, the crypto product, bitcoin price reached the $29K level and outperformed equities and the Nasdaq. Next, Alex Coffey weighs in on the Target (TGT) earnings report that dragged the markets. The TGT stock price today was down almost 25%. On the other hand, TJX Company (TJX) stock price finished 7% higher after their earnings call. Finally, Coffey discusses tomorrow’s economic data like Jobless Claims, Philadelphia Fed Manufacturing Index, Existing Home Sales, and EIA Natural Gas Report.

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18 May 2022

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