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Dow's retailer stocks are a 172-point drag, in wake of Target's big earnings miss

·1 min read
Dow's retailer stocks are a 172-point drag, in wake of Target's big earnings miss
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The Dow Jones Industrial Average's three retailer components are accounting shaving about 172 points off the Dow's price in midday trading Wednesday, in the wake of Target Corp.'s disappointing earnings report. Shares of Walmart Inc. shed 6.9% and of Walgreens Boots Alliance fell 6.8% to pace the 28 of 30 Dow components that were losing ground, while Home Depot Inc.'s stock slid 4.7% to be the fourth-worst performer. But since the Dow is a price-weighted index, the Home Depot's stock was the big