Stocks fall sharply as Target's woes renew inflation fears

Automatic TRANSCRIPT

Hi hi hi hi Mike Mike Mike Mike Crossey Crossey Crossey Crossey reporting reporting reporting reporting stocks stocks stocks stocks fall fall fall fall sharply sharply sharply sharply as as as as targets targets targets targets woes woes woes woes renew renew renew renew inflation inflation inflation inflation fears fears fears fears stocks stocks stocks slumped slumped slumped on on on Wall Wall Wall Street Street Street Wednesday Wednesday Wednesday as as as the the the Dow Dow Dow Jones Jones Jones industrial industrial industrial average average average fell fell fell more more more than than than eleven eleven eleven hundred hundred hundred points points points and and and the the the S. S. S. and and and P. P. P. five five five hundred hundred hundred had had had its its its biggest biggest biggest drop drop drop in in in nearly nearly nearly two two two years years years for for for earnings earnings earnings reports reports reports from from from target target target and and and other other other major major major retailers retailers retailers added added added to to to inflation inflation inflation concerns concerns concerns the the the S. S. S. and and and P. P. P. dropped dropped dropped four four four percent percent percent the the the nasdaq nasdaq nasdaq fell fell fell four four four point point point seven seven seven percent percent percent and and and the the the Dow Dow Dow dropped dropped dropped three three three point point point six six six percent percent percent target target target lost lost lost a a a quarter quarter quarter of of of its its its value value value after after after reporting reporting reporting earnings earnings earnings that that that were were were far far far short short short of of of what what what analysts analysts analysts had had had forecast forecast forecast Wall Wall Wall Street Street Street appears appears appears headed headed headed to to to its its its sixth sixth sixth consecutive consecutive consecutive weekly weekly weekly loss loss loss hi hi hi Mike Mike Mike Rossi Rossi Rossi

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