Here's what happened on Wall Street on Wednesday, Nov. 15.
The major averages have given back all of the gains they've made in the month of November, reaching their lowest point as the S&P and Dow Jones Industrial Average declined for the fourth time in five sessions.
The Nasdaq, which closed down 0.47% shortly after the open, was down for the second straight session. The Dow fell 0.58% while the S&P declined 0.55%.
Federal Regulators Could Make Tracking Ads More Ubiquitous
The Federal Communications Commission is expected to vote in favor of the spread of what it calls Next Gen TV, allowing advertisers to track viewers the same way online ads from Google (GOOGL) and Facebook (FB) do.
Television stations will be able to mine data about your viewing habits, allowing advertisers to tailor their commercials to your specific needs.
The FCC's pending ruling will allow television stations to opt into Next Gen TV as they see fit.
Caesars' Plans for Japan Are Coming Into Focus
Caesars Entertainment (CZR) wants to make a big bet on Japan.
A year after the country of 127 million people legalized casino gambling, Caesars unveiled plans for two resorts -- to be located in Osaka and Tomakomai.
The company's project submission in Tomakomai features a hotel, theater and conference buildings according to the Nikkei Asian Review. For Caesars' Osaka project, the company said that its resort will look to integrate health and entertainment, promoting medical tourism with appropriate facilities on site.
Caesars Executive VP Jan Jones Blackhurst said that Caesars has earmarked between $5 billion and $10 billion to build each facility.
Target Expects to Struggle This Holiday Season
Target (TGT) shares are tanking more than 8% Wednesday after the company forecast holiday quarter earnings well below Wall Street's expectations.
During the company's earnings call, CEO Brian Cornell made a reference to the company's investments in "wages, training and additional hours" for workers in an effort to offer a better experience for customers during the holiday season.
Those investments will clearly eat into the company's profits, however, as it forecast earnings per share between $1.05 per share and $1.25 per share, a midpoint that is below the Street's consensus of $1.24 per share.
Amazon Slashes Whole Foods Prices in Time for Holiday Season
Amazon (AMZN) announced further price cuts for products at Whole Foods in time for the holiday season, including price cuts on organic turkeys.
Amazon said that the price discounts are just a preview of what Prime customers can expect on a regular basis when Prime becomes the official rewards program of Whole Foods.
"These are the latest new lower prices in our ongoing integration and innovation with Amazon, and we're just getting started," said Whole Foods CEO John Mackey. "In the few months we've been working together, our partnership has proven to be a great fit."
Forever 21 Suffers Hack
Forever 21's customer financial data was compromised in a breach, the company stated Wednesday. The company, which operates more than 800 stores in 57 countries, did not say which stores were affected.
The announcement comes after a third-party vendor reported unauthorized access to the company's database. The company did say that it is investigating transactions made at its stores between March and October.
U.S. futures contracts were declining Wednesday morning, indicating another negative open for markets that were not able to fully recover from yesterday's soft open.
Asian markets continued their slide Wednesday, with both the Nikkei and Hang Seng falling more than 1% while the Shanghai Composite declined nearly 0.8%. In Europe, the FTSE 100 and CAC 40 fell more than 0.5%, while the German DAX declined more than 1% with about 4 hours left in trading.