[Breaking] New York Stock Market Closes Lower on Target Warning... Nasdaq Down 1.54%

[Asia Economy New York=Special Correspondent Joselgina] Major indices of the US New York stock market closed lower on the 16th (local time) as retail giant Target warned of gloomy fourth-quarter earnings forecasts.

On this day in the New York stock market, the Dow Jones Industrial Average closed near flat, down 0.11% from the previous session. The large-cap focused S&P 500 index fell 0.82%, and the tech-heavy Nasdaq index closed down 1.54%.