CHESAPEAKE, Va.-- Dollar Tree's chief operating officer will take on the role of company president as well Monday. Gary Philbin, 56, will assume all responsibilities that until Monday had been performed by CEO Bob Sasser. Philbin joined the discount retailer as senior vice president of stores in 2001. He was named chief operating officer in 2007..
The past five years haven't been the brightest for the economy or consumers, but that hasn't held back retail stocks. It's been the consumer that has led the way for the Dow Jones Industrial Average since the Oct. 9, 2007, closing peak for the blue chip index, with two retailers landing among the top five performers since that time.
*Fed chief reaffirms support for easy monetary policy. NEW YORK, Feb 27- U.S. stocks rose 1 percent on Wednesday as Federal Reserve Chairman Ben Bernanke remained steadfast in his support of the Fed's stimulus policy and data pointed to economic improvement.
*Fed chief reaffirms support for easy monetary policy. NEW YORK, Feb 27- Wall Street rose on Wednesday as Federal Reserve Chairman Ben Bernanke reaffirmed his support of the Fed's stimulus policy, the latest U.S. earnings showed strength and an Italian bond auction drew ample demand, reassuring investors.
*Italy bonds, European stocks up after Italy bond auction. NEW YORK, Feb 27- Wall Street opened little changed as investors awaited a second round of testimony in Congress by Federal Reserve Chairman Ben Bernanke for clarity on the longevity of the Fed's economic stimulus program.
Feb 27- Dollar Tree Inc posted a bigger-than-expected increase in quarterly profit on Wednesday after shoppers spent more in its stores and the chain controlled costs, and its shares rose more than 5 percent to their highest level since October.
*Italy bonds, European stocks up after Italy bond auction. NEW YORK, Feb 27- U.S. stock index futures were little changed on Wednesday as investors awaited a second round of testimony in Congress by Federal Reserve Chairman Ben Bernanke for signs of whether the Fed will continue its economic stimulus program.
U.S. stock index futures edged higher Wednesday following the durable goods orders report and ahead of Fed Chairman Ben Bernanke's second round of testimony, but ongoing worries over political deadlock in Italy kept a lid on gains.
The Fast Money traders share their final trades of the day.
Tuesday, 18 Jun 2013 | 5:00 PM ETAhead of the Fed meeting, the S&P 500 appears headed toward 1,687, StockMonster's Guy Adami says.
Tuesday, 18 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.