Target, Costco & Walmart scramble to recover days after Wall Street bloodbath – as shoppers worry about impact to stores

STOCKS bounced back on Thursday for a more hopeful future following a terrifying drop just a few days earlier.

America’s favorite retailers , who experienced major losses just three days ago, are slowly starting to be brought back to life.

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The S&P jumped 2.3%, making it its best day since 2022, The Associated Press reported.

The Dow Jones Industrial rose 683 points, and the Nasdaq increased 2.9%.

Despite the jump, financial experts still say it’s “unclear” what lies in the future.

“With inflation data due out next week and the stock market still working through its biggest pullback of the year, it’s unclear how much this will move the sentiment needle,” Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley told The Associated Press.

And consumers are also feeling the uncertainty.

“Rebounding up and down arbitrarily isn’t good,” one person wrote on X.

“I already lost a zillion dollars,” another chimed in.

“IMHO we shouldn’t be celebrating yet. Give it another week,” someone else said.

As of Thursday, Costco’s stock was up 3.59%, Walmart’s stock was up 1.12%, and Target’s stock was up 0.37%.

The impressive bounceback comes just three days after some of the biggest retailers experienced the worst crash since 2022.

Walmart , Costco , Dollar Tree , and Target’s stock prices dropped by several percentages on August 5.

The Dow Jones Institutional Average fell 1,033.99 points, while the Nasdaq Composite dropped 3.43% and S&P 500 tumbled 3%, per Fox Business.

These shocking drops are the worst since September 2022 for the Dow and S&P.

Tokyo-based Nikkei index suffered its worst single-day drop since the “Black Monday” crash of 1987.

Nikkei continued to suffer later in the week, on Thursday, where it also dipped .7%, a drop that pales in comparison to Monday’s loss.

How America's retailers are bouncing back

The stock market plummeted on Monday, causing several of the country's favorite retailers to take a nosedive. However, prices have slowly began to rise.

• Target is now worth $133.97
• Costco is worth $839.43
• Dollar Tree is worth $94.93
• Walmart is worth $67.66

As of 9:30 pm Thursday night.

European stocks were also affected by the massive Monday drops.

Stock markets across Asia and Europe have slowly recovered from the dips, but are now mixed across the board.

As far as retail chains are concerned, Target’s stock price dropped the most on Monday to a low of 5.30%.

Dollar Tree was second behind, dropping by 3.04%, and Costco came in third with a drop of 2.46%.

Walmart Inc suffered the least with a drop of 1.27%.

“While Friday’s employment report was disappointing, it wasn’t the only worrisome economic indicator, only the latest,” said Greg McBride, the chief financial analyst at Bankrate.

“Couple economic concerns with the cacophony of earnings disappointments and weak corporate outlooks, global unrest, and currency gyrations, and you have the recipe for sudden volatility.”

The massive plummet caused a wave of fear on Wall Street, with the Fear Index at 65.73 before the market opened for the day.

The fear index rose about 42 points since it closed on August 2.

“There’s no question that last week something was broken (in markets) and it’s going to take some time to fix this damage,” Joe Tigay, portfolio manager for Rational Equity Armor Fund told the New York Post.

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