NEW YORK (AP) — Stocks are opening moderately lower in early trading on Wall Street, finding some stability a day after their biggest drop in nearly two years. The S&P 500, the benchmark for many index funds, fell 0.7% in the early going. It’s down 18.3% from the record high it set early this year, nearly at the 20% point that defines a bear market. Investors have been worried that the soaring inflation that’s hurting people shopping for groceries and filling their cars up is also wolloping company profits. Target fell another 3% a day after losing a quarter of its value on a surprisingly weak profit report.
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