Stock Market is worried about Trump Trade War , Tech and the American Econ….

Target shares fell as much as 11% this morning after it narrowly missed analyst expectations for the quarter, as massive selling took all three major U.S. stock markets underwater for the year.

The big picture: In trading this morning, the Dow, the S&P and Nasdaq all wiped out their gains for the year. Retail stocks were hit hard just two days before Black Friday, the biggest brick-and-mortar shopping event of the year.

The other side: Many traditional retailers have reported strong sales growth quarter after quarter this year — Target reported today that sales surged 5.1% in the third quarter, for example.

• The National Retail Federation projects U.S. holiday spending this season to reach an all-time high. It says Americans will spend 4.1% more this year than last.

The bottom line: Markets are jittery amid the U.S.-driven trade war, slowing global economic growth, and a cloud around Big Tech. That U.S. economic fundamentals appear strong has not seemed to matter to Wall Street investors….

(Apple Computer continues to lose value as the companies new iPhone sales seem to be down almost 30%..)

Axios