⏬US500 drops 1% before the US Open

The season of cutting profit expectations on Wall Street is beginning. Just recently, a lot of uncertainty has been shown by Walmart, while smaller retail chains have shown a positive outlook. On the other hand, today Target (TGT.US) cut its margin outlook for the next few quarters, citing major problems with excess inventory and transportation costs. In response to this news, the company's stock is losing up to 8% in pre-market trading. Walmart shares are off about 4%.

Target is pointing to the so-called bullwhip effect. Previously, very high demand led to a significant increase in orders at every level of the supply chain. Now, with weakening demand, the bullwhip effect increases the further you go from the consumer to the first supplier. As a result, we are seeing a massive increase in retailers' inventories relative to sales. Despite expectations that retailers are doing quite well in the downturn, a significant reduction in expected margins could take its toll on corporate earnings.

The S&P 500 has pulled back sharply but is holding key short-term support. On the other hand, the short-term uptrend line was broken yesterday. Source: xStation5

Rising inventories among retailers may lead to a significant reduction in margins. Source: Bloomberg, ZeroHedge

8 June 2026, 7:21 PM

Daily summary: Semiconductors rebound, Dow Jones lags 📌 EURUSD tries to recover

8 June 2026, 4:42 PM

Wall Street continue to rebound 🗽 Marvell surges 14% - the company will join S&P 500

8 June 2026, 3:30 PM

The World Cup on the Market: Is There an Opportunity for Profit?

8 June 2026, 2:54 PM

US Open: Nasdaq rebounds as oil price falls 📈 Intel and Corning shares surge

Indices

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days