Target’s CEO pick sparks investor backlash as sales slump, morale falters, and competition rises—raising doubts about whether continuity can drive a turnaround.

Walmart’s stock took a steep drop on Thursday following the release of its second-quarter earnings, demonstrating the tension between strong consumer demand and margin pressures.

U.S. stocks dipped on Thursday as investors digested weaker-than-expected labor data and a disappointing earnings report from retail giant Walmart.