Stocks slump on weak retail data, Target falls 4%

  • Stocks slump on weak retail data, Target falls 4%

    U.S. stocks fell across the board after the July report on retail sales came in flat, a sign that inflation may be curbing consumer spending habits. In related news, Target profits fell 89% as the retailer struggles with supply chain issues. In commodities, oil was little changed at the $86 per barrel level.

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