Nasdaq down as investors watch Black Friday sales, China infections [Financial Post (Toronto, Ontario, Canada)]
Target Corporation (TGT)
Last target corporation earnings: 3/3 06:30 am
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Source: Financial Post
Apple slipped on news of reduced iPhone shipments in November from a Foxconn plant in China as production was hit by COVID-related worker unrest. The holiday-shortened trading session focused on retailers as Black Friday sales kicked off against the backdrop of stubbornly high inflation and cooling economic growth. Shoppers were expected to turn out in record numbers to shop for Black Friday deals, but with inclement weather, crowds outside stores were thin on the traditionally busiest shopping day of the year. U.S. retail stocks have become a barometer of consumer confidence as inflation bites. Year-to-date the S&P 500 retail index is down a little over 30%, while the S&P 500 is down 15% so far this year. Shares of retailers Target Corp, Macy's Inc and Best Buy Co Inc were mixed, while the S&P consumer discretionary index was slightly up. “It's such a low volume trading day as most people are at home that I never count Friday after Thanksgiving,” said Ed Cofrancesco, chief
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TGT
Earnings
- 3/5/24 - Beat
TGT
Sec Filings
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- TGT's page on the SEC website