#Latest news with #ConsumerGoodsBloomberg21-05-2025BusinessBloombergS&P 500 Extends Decline, Target Cuts Outlook on Macro PressureUS equities fell on Wednesday as climbing bond yields continued to pressure risk assets and consumer bellwether Target Corp. slashed its sales outlook, citing tariffs and economic turbulence. The S&P 500 Index slumped 0.7% at 9:31 a.m. in New York, while the technology-heavy Nasdaq Index posted roughly the same decline. US Treasury yields eclipsed key psychological levels, with the 30-year topping 5%.
Bloomberg21-05-2025BusinessBloombergS&P 500 Extends Decline, Target Cuts Outlook on Macro PressureUS equities fell on Wednesday as climbing bond yields continued to pressure risk assets and consumer bellwether Target Corp. slashed its sales outlook, citing tariffs and economic turbulence. The S&P 500 Index slumped 0.7% at 9:31 a.m. in New York, while the technology-heavy Nasdaq Index posted roughly the same decline. US Treasury yields eclipsed key psychological levels, with the 30-year topping 5%.
21-05-2025
