Stock Market Today: Target’s new man at the top

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Good morning. This is TheStreet’s Stock Market Today for Aug. 20, 2025. The stock market is set to open soon.

Futures started to the downside, but have been trending up all morning. All four major U.S. indexes are pointing to either a modest loss or gain at the open, with the S&P 500 down just 9 bips before the market opens.

Here are the latest updates from the pulse of the market:

Update: 7:12 a.m. ET

Target Taps COO for Top Job in Exec Shakeup

Target  (TGT)  was once the envy of retailer for its beloved stance among the millennial crowd. No longer. In fact, it’s hard to remember the last time that the hypermarket saw sales growth at all. Today, in its latest earnings showing, it reported that comparable sales fell 1.9% year-over-year.

That’s why it’s looking within for the solution, tapping COO Michael Fiddelke to become the company’s next CEO. He has worked at the company for 20 years. He will take over in Feb. 2026. 

The company’s once-magnificent stock has been lapped by wholesale competition such as Walmart  (WMT)  and ecommerce names like Amazon  (AMZN) , both of which offer a wider range of product at different price points. 

Those giants are also known to steer clear of a controversy; the same can’t be said for Target, which tried to ‘both sides’ its way out of a culture war sparring match. In the end, it simply frustrated everybody.

Target’s exceptionally bad few years fall on management. Its lost its Tar-jhay again might ultimately lay at his feet of this long-time employee.

Update: 7:01 a.m. ET

Earnings Today: TJX Companies, Lowe’s, Analog Devices

There are just 51 earnings set for today, per Nasdaq, but the retail sector is set to make them count. Firms like TJX Companies  (TJX) , Lowe’s Companies  (LOW) , and Target  (TGT)  are set to dominate the discussion today.

Per TipRanks, these are the top ten earnings reports of the day, sorted by market capitalization:

Economic Data

Today will be another day of calm before the storm on Friday: Jackson Hole. There, Fed President Jerome Powell is expected to serve up the premier piece of central bank commentary this year. 

In the meantime, investors will be treated to a handful of reports today, including speeches from the Fed’s Waller and Bostic. We’ll also get a look at the FOMC Minutes, arguably the most important nugget of insight that we’ll get on the economic side today.

Here’s the top reports due out today, per TradingEconomics:

TradingEconomics