Dow plunges amid weak earnings reports from retailers | ABCNL

Walmart, Target, Lowe’s and other retailers reported weaker-than-expected earnings this week, prompting a stock market sell-off.

#dowjones #economy #inflation #earningsreport #stockmarket

[ConvictedFelon]

The Fed hiked interest rates. This was entirely predictable for anyone familiar with even rudimentary economics.

[Onehitwonder]

When one is on a budget and prices skyrocket, one doesn't increase their budget, one cuts more fat and unnecessaries. What did they expect to happen in the retail world? We'd all go on a spending spree?

[alooga]

I can't even afford the gas to get to the nearest supermarket. Thanks, Joe!

[DBoYAcExX]

Maybe it has to do with the mass shooting in buffalo?

[buttercup]

Looking forward to a Wall Street liquidation sale since we still have Biden for another 3 years.

[Mando_Trucker]

So instead of making 2 billion they made 1.5 billion and they call this low profits.😂😂

[Chris-tigq]

What do you expect when rent is going up like this. The government has to fix the rental market

[drunkenoctopus]

As I'm watching the last of my sell stops kick off this morning I can't help but think it is "the big one" as Fred Sanford used to call it. The market is giving Joe a massive thumbs-down. And, we've got a couple more years of this... Good luck everybody. Time to financially round the wagons...

[Zeitgeistboxee]

Lololol... This is beyond awesome! Don't look up.

[jasonpaquette]

26k, market correction because the fukn housing and vehicle market prices are outrageous . Get it while it was good. Commercial real estate.

[mikew]

Imagine voting Democrat after all this lol

[MultiMMM]

lol Big Money is what happened it has nothing to do with inflation

[zebrastripes]

Oh, there is serious inflation going on at Target. Posters everywhere of female models who weigh 300 pounds. That company has gone insane with their political crap.

[wanderingquestions]

Yeah and it just rallied for a few days. Everyone knew a sell off was coming.