Target Up 8%, Lowe's Drops 12%

Target Up 8%, Lowe’s Drops 12%

Kate Austin, equity research analyst at Adviser Investments, has the market analysis for Wednesday, May 22. All major U.S. stock 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.

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