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    Stock Market Today: Stocks Drop After Target Earnings, Fed Minutes

    by Karee Venema Aug 17, 2022 2 minutes

    Stocks took a sharp turn lower in early trading Wednesday, as a major earnings miss from one of the nation's biggest retailers shocked investors.

    Ahead of the opening bell, () said its second-quarter earnings plunged 90% year-over-year to 39 cents per share – missing analysts' consensus estimate by a mile – as the company aggressively marked down excess inventory. But, even though CEO Brian Cornell said on the company's earnings call that "the vast majority of the financial impact of these inventory actions is now behind us," TGT stock

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