Target Up 8%, Lowe’s Drops 12%

Kate Austin, equityThe amount of money that would be returned to shareholders if a company’s assets were sold off and all its debt repaid. research analyst at Adviser Investments, has the market analysis for Wednesday, May 22. All major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. market indexes declined, with the Dow Jones Industrial Average, S&P 500 and NASDAQ down 0.8%, 0.9% and 1.1%, respectively. Meanwhile, Target’s stock jumped 8%  after reporting strong first-quarter in-store and e-commerce sales—online sales rose 42% as shoppers embraced the retailer’s curbside pickup service. Conversely, Lowe’s plunged 12%  after the company reduced its 2019 earnings estimate after operational changes that included cost-control and inventory-correction efforts.