WOOF - Hot Stocks: Retail bloodbath; truckers fall; TGI plunges on earnings; DLO VHI rise
Wall Street endured a tsunami of selling on Wednesday, as disappointing results from Target concentrated anxiety about inflation and the consumer. The Dow declined nearly 1,200 points, while the Dow and Nasdaq each retreated more than 4%. With Target's results sitting at the epicenter of the sell-off, the retail sector was among the hardest hit on the session. Dillard's (NYSE:DDS), BJ's Wholesale Club Holdings (NYSE:BJ), Petco (WOOF), Dollar Tree (DLTR), DICK'S Sporting Goods (DKS), Williams-Sonoma (WSM) and Wayfair (W) were among the high-profile names to post double-digit percentage declines on the session. Outside of retail, other stocks were impacted by the fear swirling around Target's results. Trucking firms Saia, Inc. (SAIA), Old Dominion Freight Line (ODFL) and XPO Logistics (XPO) all posted notable losses as well, each reaching new 52-week lows. Elsewhere in the market, Triumph Group (TGI) posted an earnings-related decline of its own. Shares plunged almost 20% following
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Hot Stocks: Retail bloodbath; truckers fall; TGI plunges on earnings; DLO, VHI rise