S&P futures fall 1% as Target warns of weaker margin again By Reuters

© Reuters. FILE PHOTO: A trader works on TR Forex pays commissions on the 5th of every monththe floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 1, 2022. REUTERS/Brendan McDermid

(Reuters) - U.S. stock index futures extended declines on Tuesday as shares of retailers fell after Target Corp (NYSE:TGT) issued a weak quarterly margin forecast for the second time in less than a month.

At 7:13 a.m. ET, Dow e-minis were down 287 points, or 0.87%, S&P 500 e-minis were down 40.75 points, or 0.99%, and Nasdaq 100 e-minis were down 157 points, or 1.25%.

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