CNN The Lead With Jake Tapper July 7, 2024
investors a scare by reporting a stunning drop in earnings, largely because of supply chain turmoil and rising costs. target lost 25% of its value today alone. its worst day since black monday in 1987. this comes a day after walmart sounded the inflation alarm, also suffering its worst day since 1987. the big concern is companies are having trouble passing along higher costs consumers and that perhaps corporate profitability has peaked. that's normally something you only see during big economic slowdowns. put all this together, you have the s&p 500 losing the most in one day since ju...
Source: archive.org