Big Retailers Like Gap, Target, and Costco Miss Expectations

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Both Target and Gap Inc missed April sales estimates.

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The market dropped on Thursday as anticipation of tomorrow's government jobs data has many investors nervous. However, the latest estimates from economists surveyed by Reuters call for a gain of 170,000 new positions.

Many big retailers such as Costco and Macy's reported on Thursday that April revenue rose less that 1 percent in the worst performance since 2009.

Costco closed in the red on Thursday at $84.24.

Macy's closed in the green at $41.55 but sunk into the red in after hour trading.

Both Target and Gap Inc missed April sales estimates. Target closed in the red at $56.55 and Gap closed down 1.6%.

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