Stock Market Today – 5/19: Stocks Extend Slide As Rate Hike Bets, Earnings Pummel Bulls

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The Street

By Martin Baccardax Wall Street isn’t likely to get any near-term relief from yesterday’s $1.5 trillion sell-off, the worst in two years, as stock futures move lower again in pre-market trading. U.S. equity futures moved sharply lower Thursday, following on from Wall Street’s biggest single-day decline in nearly two years, as global markets wilt under the pressure of surging inflation, slowing growth and aggressive central bank rate hikes signaling. Stocks have also been jolted by a series of warnings from blue-chip retailers, including Target (TGT) – Get Target Corporation Report and Walmart …

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