The Dow Jones Industrial Average posted its biggest loss since 2020 on Wednesday, 18 May 22. This comes after Target, a major retailer warned of rising cost pressures, confirming investors’ worst fears over rising inflation following Walmart which started its brutal sell off on Tuesday with a 11% decline followed by another 7% decline on Wednesday as it too, grappled with surging inflation. Walmart executives said on Tuesday that while some shoppers bought high-ticket items like game consoles and patio furniture in the latest quarter, others were switching to private brands from national brands, particularly in lunch meats, as they juggled higher costs. Walmart also confirmed that shoppers are buying smaller half-gallons of milk, down from gallon jugs. Target reported operating margin of 5.3% which was well below expectations and nearly half of what was achieved in the same quarter in 2021, reflecting higher costs for freight and transportation. Its operating margin was 9.8% in the same quarter in 2021....