Stocks Slip On Wall Street, Erasing Weekly Gains For S&P 500

The video provides a live update on Wall Street, highlighting a slump in stocks with the Dow down 250 points. Target reports a significant drop in profits, attributing it to markdowns on unwanted merchandise, but anticipates a rebound. Revlon's stock sees a 17% surge following Morgan Stanley's increased stake, despite the company's recent bankruptcy declaration. American Airlines plans to purchase supersonic jets, with flights expected by 2029, offering rapid transatlantic travel.

What was the approximate point drop in stocks mentioned in the report?

Which retailer's disappointing earnings report contributed to the slump in stocks?

What percentage did Target's quarterly profits drop compared to a year ago?

What is the predicted revenue growth for Target in the second half of the year?

What significant purchase did American Airlines agree to make?