Target shares are trading higher amid overall market strength following a drop in Treasury yields from the release of new U.S. economic data.
Portfolio Pulse from Benzinga Newsdesk
Target shares are trading higher amid overall market strength following a drop in Treasury yields from the release of new U.S. economic data.
August 29, 2023 | 3:25 pm
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POSITIVE IMPACT
Target's stock is trading higher due to overall market strength and a drop in Treasury yields.
The drop in Treasury yields often leads to a rise in stock prices as investors move from bonds to stocks. This, combined with overall market strength, is causing Target's stock to trade higher.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100