Treasury yields surge, Target earnings, 'doomjobbing' and more in Morning Squawk
Target reported a 5.6% increase in same-store sales for the first quarter, exceeding Wall Street expectations. The retailer raised its revenue outlook for the year, leading to a rise in shares during premarket trading. Meanwhile, Lowe's also surpassed analysts' estimates, although its shares fell 2% despite the positive earnings report.
- ▪Target's same-store sales increased by 5.6% in the first quarter.
- ▪The retailer raised its revenue outlook for the full year.
- ▪Lowe's also beat revenue and earnings estimates, but its shares declined by 2%.
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| Original publisher | CNBC — Tech |
| Canonical URL | https://www.cnbc.com/2026/05/20/5-things-to-know-before-the-market-opens.html |
| Publication time | Wed, 20 May 2026 11:57:44 GMT |
| Retrieval time | 2026-05-20T12:05:02.589Z |
| Last seen | 2026-05-20T12:05:02.589Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | Kde7Zu7I5hAh |
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| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
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| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
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Opening excerpt (first ~120 words) tap to expand
Target beat Wall Street's top- and bottom-line expectations for the first quarter this morning, reporting a 5.6% increase in same-store sales — its first positive number for the key metric in five quarters. The retailer also hiked its revenue outlook for the full year, helping shares rise in premarket trading.The better-than-expected report comes as Target attempts to win back shoppers and reverse a sales slump. CEO Michael Fiddelke told reporters that "we know our work is just beginning, and we have confidence we're on the right path because guests are responding in areas where we are leaning in and driving change."Target wasn't only retailer beating expectations today.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Tech.
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