US stocks give back some of the gains from yesterday

Read full post at forexlive.com

Yesterday, the major  indices  close higher across the board with the NASDAQ index up 321.73 points. The Dow industrial average rose 431.17 points led by banks and technology.

Today some of those gains are being erased. A snapshot of the market currently shows:

• Dow industrial average -323 points or -0.99% at 32329
• S&P index -47.3 points -1.16% at 4041
•  NASDAQ  index -164 points or -1.37% at 11819
• Russell 2000-23.44 points or -1.28% at 1816.68

Target shares are sharply lower after reporting lower than expected earnings-per-share. Their stock price has fallen $55 or -25.38% at $160.59. That is the lowest level since November 2020. EPS came in at $2.19 vs. $3.08 expected

Shares of a Lowes are also moving lower with a decline of $-3.84 or -2.0% at $190.10 after they reported weaker guidance.