Should Amazon.com buy RadioShack or Best Buy? Bob Peck and Herb Greenberg debate it.» Read More
NEW YORK, Aug 27- U.S. stocks were little changed on Wednesday, holding near record highs on a day of light volume, though a number of retail stocks traded heavily after reporting results. Both Tiffany& Co and apparel retailer Express Inc rose after posting quarterly revenue that topped expectations and raising their full-year profit views.
Both Tiffany& Co and Express Inc rose after posting second-quarter revenue that topped expectations and raising their full-year profit views. On the downside, Chico's FAS Inc fell 3.2 percent to $15.51 after its results. Best Buy Co Inc was the S&P 500' s biggest percentage gainer, up 5 percent at $31.28, rebounding from a drop of 6.8 percent on Tuesday.
Some of Wednesday's midday movers:
The "Fast Money" traders share their final trades of the day.
*Best Buy tumbles after results, DSW rises. *Digital Ally gains further, up over 250 pct in August. NEW YORK, Aug 26- U.S. stocks edged higher on Tuesday to lift the S&P 500 just a hair above the 2,000 mark, its first close above that milestone, after data that pointed to a brighter future for the economy.
Stocks rose on Tuesday after a report had orders for durable goods jumping far more than expected in July.
Aug 26- RadioShack Corp's second-largest shareholder, Standard General LP, is negotiating a rescue package with investors to help the consumer electronics retailer ward off bankruptcy, Bloomberg reported, citing people with knowledge of the matter.
*Best Buy tumbles after results, DSW rises. *Digital Ally gains further, up over 250 pct in August. NEW YORK, Aug 26- U.S. stocks advanced modestly on Tuesday as both the Dow and S&P 500 backed off after hitting fresh intraday records on the heels of strong consumer data, which suggested that the market's long-running rally could keep going.
Aug 26- Best Buy Co Inc, the largest U.S. consumer electronics retailer, said same-store sales were expected to fall and higher discounting would erode margins in the second half of the year.
Sean Lyons, a 23-year-old bike messenger, divides his time between three different on-demand delivery services.
After Best Buy's top line beat, but light revenue and a soft outlook, Stacey Widlitz, SW Retail Advisors Inc, thinks the company has fallen so far behind.
Some of Tuesday's midday movers:
Two ways to play Best Buy shares after the company's earnings, with FMHR traders Jon Najarian and Stephen Weiss.
CNBC's Courtney Reagan reports what Best Buy CEO Hubert Joly had to say about store traffic.
*Best Buy tumbles after results, DSW rises. *Digital Ally gains further, has tripled this month. NEW YORK, Aug 26- U.S. stocks rose on Tuesday, with both the Dow and S&P 500 hitting fresh intraday records on the back of strong consumer data suggesting the market's long-running rally could continue.
Aug 26- Best Buy Co Inc, the largest U.S. specialty retailer of consumer electronics, reported lower-than-expected revenue for the third straight quarter, as fewer people bought PCs and electronics, and those who did increasingly bought them online.
*Best Buy tumbles after results, DSW higher. *Digital Ally gains again, has tripled this month. "People aren't going to do anything too aggressive until there's some kind of catalyst, either positive or negative, and we may end up consolidating around 2,000 for a while," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.
CNBC's Courtney Reagan spoke to Best Buy CEO Hubert Joly, about declining store traffic and the company's focus on growth.
Investors are trying to get the S&P 500 Index through 2000 again, but I'm not sure there is a catalyst to keep it there given the mixed data.
Wall Street was seen opening flat on Tuesday, with Dow futures marginally higher and S&P 500 futures slightly lower.