While you were sleeping: Target slumps on outlook

Wed, 15 Nov 2017

By Margreet Dietz Nov. 16 (BusinessDesk) - US Treasuries rose while Wall Street slid as investors reassessed the outlook for corporate profits for retailers including Target amid intensifying competition from Amazon. In 12.56pm trading in New York, the Dow Jones Industrial Average fell 0.4 percent, while the Nasdaq Composite Index declined 0.3 percent. In 12.41pm trading, the Standard & Poor’s 500 Index retreated 0.3 percent. Investors and analysts shrugged off the recent decline in equities. “When a market wants to move higher,...

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