The Dow Jones Industrial Average headed for its biggest loss since 2020 on Wednesday after another major retailer warned of rising cost pressures, confirming investors’ worst fears over rising inflation and rekindling the brutal 2022 sell-off.



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Wall Street ends sharply lower as Target and growth stocks sink

Drop in the Dow Jones Industrial Average is the worst single-day performance since March 2020

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Evgeny Lebedev

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Dow sinks 1,100 points in worst day since 2020 amid fears over inflation

Wall Street ended sharply lower on Wednesday, with Target losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices.

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NEW YORK (AP) — Stocks closed sharply lower on Wall Street Wednesday as dismal results from Target renewed fears that inflation is battering U.S. companies. The S&amp;P 500, the benchmark for many index funds, fell 4%. 

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Stocks fall sharply as Target's woes renew inflation fears

Shares are sharply lower in Asia after a broad retreat on Wall Street

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Asian shares track Wall Street's inflation-fueled retreat

NEW YORK, May 18 (Xinhua) -- U.S. stocks plummeted on Wednesday as weak earnings from major retailers stoked concerns about the impact of inflation. Read full story

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Dow sinks over 1,100 points in worst day since 2020

The old joke goes like this: Two friends are at a resort and one says, "The food here is really terrible." The other replies, "And the portions are so small!" Today, it's investors who dislike the taste of the Federal Reserve's interest rate hikes — but seemingly want more anyway.

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Dow tumbles 1,160 points in worst trading day since June 2020 | CNN Business

The Dow Jones Industrial Average sank more than 1,100 points and the S&P 500 had its biggest drop in nearly two years on Wednesday, as big earnings misses by Target and other major retailers stoked investors’ fears that surging inflation could cut deeply into corporate profits.

Irish Independent

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Ireland

Stocks fall sharply as Target’s woes renew inflation fears

MIAMI (CBSMiami/CNN) — The old joke goes like this: Two friends are at a resort and one says, “The food here is really terrible.” The other replies, “And the portions are so small!” Today, it’s investors who dislike the taste of the Federal Reserve’s interest rate hikes — but seemingly want more anyway.Markets have plummeted over the past month as the Federal Reserve telegraphed that it would regularly hike interest rates by half a percentage po…

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Dow Tumbles 1,160 Points In Worst Trading Day Since June 2020

Stocks closed sharply lower on Wall Street Wednesday as dismal results from Target renewed fears that inflation is battering U.S. companies.

Washington Times

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By Nicole Goodkind, CNN BusinessThe old joke goes like this: Two friends are at a resort and one says, “The food here is really terrible.” The other replies, “And the portions are so small!” Today, it’s investors who dislike the taste of the Federal Reserve’s interest rate hikes but seemingly want more anyway.Markets have plummeted over the past month as the Federal Reserve telegraphed that it would regularly hike interest rates by half a percen…

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The stock market is practically begging to be punished

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Investors are calling for a three-quarter-point rate hike at the conclusion of the Fed's June meeting. The Dow shed more than 1164 points, or 3.6%, its biggest loss since 2020. The broader market lost 4%, putting the S&P 500 on the precipice of bear market territory. The Fed could hike rates to 5% by the time it ends the current bout of tightening.

Dow drops 1,100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies

Dow drops 1,100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies

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