Some of Wednesday's midday movers:» Read More
NEW YORK— A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. American Eagle Outfitters Inc.: Approximately 27,989,700 shares changed hands, a 506.7 percent increase over its 65- day average volume. The shares rose $1.39 or 12.0 percent to $12.98.
*Home Depot lifts the Dow; rival Lowe's rebounds. *Target bounces back; American Eagle rallies. NEW YORK, Aug 20- U.S. stocks ended mostly higher on Wednesday, with the S&P 500 just missing a record close, after minutes from the Federal Reserve's July meeting gave investors reason to believe that the central bank is in no rush to raise interest rates.
NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Hertz Global Holdings Inc., down $1.23 to $30.33. American Eagle Outfitters Inc., up $1.39 to $12.98.
*Lowe's, Target shares rebound; American Eagle rallies. *Hertz tumbles after withdrawing forecast. "I don't think there were really any surprises in the minutes, or that the markets are reacting meaningfully to them," said Carin Pai, executive vice president and director of equity management at Fiduciary Trust in New York.
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.:. International Rectifier Corp. rose 47.1 percent to $39.07. USEC Inc. rose 11.8 percent to $5.63.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. American Eagle Outfitters Inc. rose 12.0 percent to $12.98 with 27,989,700 shares traded. Bank of America Corp. rose. 5 percent to $15.52 with 57,060,700 shares traded.
*Lowe's pares losses, Target rebounds, after dim forecasts. NEW YORK, Aug 20- U.S. stocks inched higher Wednesday after two days of gains, ahead of the release of minutes from the most recent Federal Reserve meeting, as investors brushed off bleak earnings forecasts from some retailers like Lowe's and Target.
*Lowe's pares losses, Target rebounds, after dim forecasts. NEW YORK, Aug 20- U.S. stocks were little changed Wednesday after two days of gains, ahead of the release of minutes from the most recent Federal Reserve meeting, as investors shrugged off bleak earnings forecasts from some retailers like Lowe's and Target.
Several companies highlighted strong back-to-school trends in their earnings reports.
For the period ended Aug. 2, American Eagle Outfitters Inc. earned $5.8 million, or 3 cents per share. That compares with $19.6 million, or 10 cents per share, a year earlier. Selling, general and administrative expenses increased to $190.1 million from $186.3 million.
NEW YORK— Aeropostale is reinstating a past leader as it struggles with sliding sales. Aeropostale and fellow teen stalwarts Abercrombie& Fitch Co. and American Eagle Outfitters Inc. have had a difficult time turning their businesses around as mall traffic drops and shoppers' tastes change.
Over the next 25 years, as technology increasingly revolutionizes retail online and in stores, leaders will have to adjust their skills.
As children and teens have a growing influence on purchases, stores with the latest trends will position themselves to win back-to-school sales.
PARIS, July 31- U.S. private equity firm Catterton Partners has acquired Bali- inspired jeweller John Hardy for an undisclosed sum, closing a transaction that took months to negotiate.
Chinese companies have been pouring money into Silicon Valley, joining a parade of financiers seeking to participate in the latest boom.
Some of Friday midday movers:
Victoria's Secret is putting its more youthful Pink segment on the fast track, with plans to open about 30 stores this year.
May 29- Apparel retailers Express Inc and Guess Inc forecast disappointing profits for the current quarter as a revival in consumer spending takes longer.
May 29- Teen apparel retailer Abercrombie& Fitch Co's quarterly sales fell less than expected for the first time in six quarters as efforts to revitalize its women's clothing business began to pay off, sending the company's shares up as much as 7.5 percent.
May 29- Teen apparel retailer Abercrombie& Fitch Co's quarterly sales fell less than expected for the first time in six quarters, helped by improvements in its women's clothing business and its namesake brand.