2 Retail Stocks Slip as Tariff, Spending Concerns Weigh
Two major retailers are moving lower this morning following their latest earnings reports. Target Corp (NYSE:TGT) and Lowe’s Companies Inc (NYSE:LOW) each posted mixed results, with cautious outlooks and macro headwinds weighing on investor sentiment.Target stock is down 7% at $91.32, after the retailer missed first-quarter revenue estimates and slashed its full-year sales outlook. Executives pointed to tariff uncertainty, weaker discretionary spending, and consumer backlash to recent diversity, equity, and ...