The stock market dipped on Wednesday, driven by a decline in tech stocks and Target announcing the appointment of a new CEO

What Happened? Shares of general merchandise retailer Target (NYSE:TGT) fell 7.6% in the afternoon session after the company reported mixed second quarter earnings. Traffic to its stores fell and gross margin slightly missed.

Target reported yet another quarter of weak financial results, with comparable sales down 1.9%, and the cheap-chic retailer reaffirmed its expectation that sales will decline by a low single-digit percentage this year,

Better-than-feared earnings weren't enough to offset pessimism over CEO Brian Cornell's retirement and replacement with an insider.

President Trump's tariffs continue to affect global markets and the economy. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

Good morning. This is TheStreet's Stock Market Today for Aug. 20, 2025. The stock market is now open. At last look, the indexes are near session lows. The Dow (-0.26%), which started the day in the green, is now down. It joins the Russell 2000 (-0.83%), S&P 500 (-0.88%), and Nasdaq (-1.64%).

US stock futures steadied on Wednesday after a bruising day for tech stocks, as investors weighed the latest retail earnings and waited for Federal Reserve minutes to provide clues to interest-rate cuts.

President Trump's tariffs continue to affect global markets and the economy. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.