5/18, 2:09 PM (Source: TeleTrader)
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Wall Street extends losses premarket

Major United States stocks deepened losses ahead of Wednesday's session as negative sentiment prompted by inflation fears prevailed following yesterday's remarks from Federal Reserve Chair Jerome Powell.

As the earnings season continued, Target Corp. published its first-quarter results and revealed its profit halved over the past year, with its shares tumbling around 15%.

The Dow Jones plunged 0.55% or 180 points at 8:08 am ET, while the Nasdaq 100 declined 1.15% or 144 points, and the S&P 500 lost 0.77%. The euro fell by 0.29% against the dollar to sell for 1.05192.

Baha Breaking News (BBN) / ND