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S&P 500, Nasdaq Tumble as Target Earnings Disappoint - Fed Minutes Loom
S&P 500, Nasdaq Tumble as Target Earnings Disappoint - Fed Minutes Loom
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Wall Street's rally hits a speed bump as retail weakness sparks broader selloff.
Target's earnings miss sends shockwaves through markets just hours before Fed minutes drop. The retail giant's disappointing numbers triggered a sector-wide retreat—because nothing says 'healthy economy' like consumers tightening belts.
Traders now brace for the Fed's latest thinking on inflation and rates. The central bank's minutes could either calm nerves or pour gasoline on this fire.
Another day, another reminder that traditional markets remain hostage to earnings reports and bureaucratic pronouncements—meanwhile, decentralized assets trade 24/7 without begging for approval from marble-columned buildings.
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