Target’s stock snaps longest losing streak in 23 years as anti-LGBTQ+ backlash continues

Target Corp.’s stock is up 0.1% Friday after snapping its longest losing streak in 23 years amid an anti-LGBTQ+ backlash against the retail giant.

The stock ended Thursday’s session up 0.2% to snap the losing streak. Target
TGT,
+1.57%
shares had ended Wednesday’s session down 2.2%, marking their ninth consecutive decline, and the stock’s longest losing streak since an 11-day stretch that ended Feb. 24, 2000, according to Dow Jones data. Wednesday also marked the stock’s lowest close since Aug. 11, 2020.