On the other hand, retailer Target (NYSE: TGT) reported lower-than-expected profits and warned of a soft holiday quarter. There wasn't much company-specific news today, but as always, these fintech names are extremely sensitive to the market's outlook for interest rates and the potential for a recession next year. Unfortunately, Federal Reserve officials continued to sound hawkish this morning, even in the face of last week's softening inflation figures as well as Target's downbeat outlook.