Stock Market Today – 6/7: Target Warning, Rate Hike Bets Push Stocks Lower Amid Renewed Inflation Worries

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The Street

By Martin Baccardax Rising Treasury yields, and another warning on margins from retailing giant Target, has renewed inflation concerns and pushed stocks lower Tuesday. U.S. equity futures slumped lower Tuesday, while Treasury bond yields and the dollar continued their upward march, as investors peeled away from risk markets amid concern for the impact of central bank tightening on global rate markets. Stocks extended earlier declines, as well, following a near-term warning on profit margins from Target Corp. (TGT) – Get Target Corporation Report, which said surging fuel and transport costs wou…

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