Wall St set to open lower on grim sales outlook from Target
Nov 16 - U.S. stock indexes were set to open lower on Wednesday after top retailer Target's dour holiday forecast stoked fears of inflation hurting a crucial business season for retailers.
Despite the sales warning from Target, latest data on U.S. retail sales suggested that consumer spending remained stable and could help to underpin the economy in the fourth quarter. The data and earnings reports come on the heels of upbeat quarterly results from Walmart Inc on Tuesday that had added to market optimism driven by a softer-than-expected producer prices report.
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