Target Corp TGT.N fell 15.6% in premarket trading, and dragged along with it shares of other big U.S. retailers such as Walmart Inc WMT.N, Macy's Inc M.N and Costco Wholesale Corp COST.O. We are a consumption-based economy, so you never want to see that," said Thomas Hayes, managing member at Great Hill Capital LLC in New York. All the three main indexes ended higher in the previous session on hopes that the improved inflation outlook would allow the U.S. Federal Reserve to take a less aggressive approach on interest rate hikes, overshadowing geopolitical worries.