Gap Earnings: 71 Cents EPS, $3.73 Billion Revenue vs. Expectations of 69 Cents EPS, $3.68 Billion Revenue
Home Depot Inc
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Disruptors are dialing up the pressure in telecom, overcoming the high barriers to entry in one of the market's most capital-intensive industries.
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Autozone Inc. rose $2.06 or. 5 percent, to $419.78. Bed Bath& Beyond Inc. rose$. 82 or 1.2 percent, to $69.09. Best Buy rose$. 23 or. 9 percent, to $25.88.
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Disruptors are dialing up the pressure in telecom, overcoming the high barriers to entry in one of the market's most capital-intensive industries.
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Autozone Inc. rose$. 86 or. 2 percent, to $418.58. Bed Bath& Beyond Inc. rose$. 15 or. 2 percent, to $68.42. Best Buy fell$. 18 or. 7 percent, to $25.47.
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U.S. stock futures point to a sharply lower opening Thursday, following the 7.3 percent sell-off in Japan's Nikkei stock average. Market pros look at what's next.
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Autozone Inc. fell $10.12 or 2.4 percent, to $417.72. Bed Bath& Beyond Inc. fell$. 27 or. 4 percent, to $68.27. Best Buy rose$. 01 or percent, to $25.65.
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Stocks closed down 1 percent after the minutes from the last Fed policy setting meeting suggested the central bank could begin tapering bond purchases sooner than the market expects.
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NEW YORK-- Home Depot's stock hit an all-time high for a second straight day since reporting strong first-quarter results and boosting its full-year forecasts. Upbeat housing data and weaker-than-expected results from rival Lowe's on Wednesday helped keep Home Depot rising.
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Autozone Inc. fell $4.44 or 1.0 percent, to $423.40. Bed Bath& Beyond Inc. rose$. 54 or. 8 percent, to $69.08. Best Buy rose$. 22 or. 9 percent, to $25.86.
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May 22- No. 2 home improvement chain Lowe's Cos Inc reassured investors that sales trends improved significantly in April and May after seeing a weak start to the spring selling season. Like its larger rival Home Depot Inc, Lowe's said it was seeing strong sales to contractors.
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Autozone Inc. fell $8.96 or 2.1 percent, to $418.88. Bed Bath& Beyond Inc. rose$. 24 or. 4 percent, to $68.78. Best Buy fell$. 26 or 1.0 percent, to $25.38.
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U.S. home sales rise slightly to 4.97 million in April, their highest level in 3 1/2 years, as inventories jump.
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Bernanke pre-empted by Dudley: Will he throw it back into Congress' lap?
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*Saks rallies on report it could sell itself. NEW YORK, May 22- U.S. stocks were set to rise at the open on Wednesday, ahead of highly anticipated testimony in Congress by Federal Reserve Chairman Ben Bernanke on the economy and monetary policy.
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May 22- Lowe's Cos Inc reported a weaker-than-expected quarterly profit on Wednesday, hurt by colder-than-usual weather at the start of the spring selling season and strong competition from larger rival Home Depot Inc.
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*Saks rallies on report it is mulling sale. NEW YORK, May 22- U.S. stock index futures edged up in thin trading Wednesday, ahead of highly anticipated Congressional testimony by Federal Reserve Chairman Ben Bernanke on the economy and monetary policy.
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May 22- Lowe's Cos Inc reported a weaker-than-expected quarterly profit on Wednesday, hurt by colder-than-usual weather at the start of the spring selling season and strong competition from larger rival Home Depot Inc.
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May 22- Lowe's Cos Inc reported a weaker-than-expected quarterly profit on Wednesday, hurt by colder-than-usual weather at the start of the spring selling season and strong competition from larger rival Home Depot Inc.
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Lowe's reported quarterly earnings that missed analysts' expectations on Wednesday, sending shares lower in pre-market trading.
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WASHINGTON-- A report Wednesday on U.S. sales of previously occupied homes in April may show the housing recovery has crossed a critical threshold. Economists forecast that home sales rose in April from March to a seasonally adjusted annual rate of nearly 5 million, according to a survey by FactSet.