Stocks rose Wednesday after minutes from the Federal Reserve's last meeting.» Read More
Autozone Inc. rose $1.12 or. 2 percent, to $537.96. Bed Bath& Beyond Inc. rose$. 47 or. 7 percent, to $63.72. Best Buy rose$. 59 or 1.9 percent, to $31.34.
*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.
*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 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.
Autozone Inc. fell $1.53 or. 3 percent, to $535.31. Bed Bath& Beyond Inc. fell$. 03 or percent, to $63.22. Best Buy rose$. 10 or. 3 percent, to $30.85.
Aug 20- Lowe's Cos Inc, the No. 2 U.S. home improvement products retailer, echoed larger rival Home Depot Inc in anticipating higher spending on renovations in the second half of the year as the U.S. housing market showed signs of a recovery.
Autozone Inc. fell $3.16 or. 6 percent, to $533.68. Bed Bath& Beyond Inc. fell$. 26 or. 4 percent, to $63.00. Best Buy fell$. 23 or. 7 percent, to $30.53.
*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.
*Lowe's, Target fall in premarket after results, forecasts. *Hertz tumbles after withdrawing forecast. NEW YORK, Aug 20- U.S. stocks were set for a slight dip at the open on Wednesday after weak earnings forecasts from retailers Lowe's and Target, ahead of the release of minutes from the most recent meeting of the Federal Reserve.
*Lowe's Cos falls in premarket after cutting outlook. *Hertz tumbles after withdrawing forecast. *Lowe's Companies lost 3.1 percent to $49.91 before the opening bell after the world's No. 2 home improvement products retailer posted better-than-expected second quarter results but cut its full-year sales forecast.
Aug 20- Lowe's Cos Inc, the world's No. 2 home improvement products retailer, reduced its sales forecast for the full year, sending its shares down 4 percent in premarket trading.
For the three months ended Aug. 1, Lowe's Cos. earned $1.04 billion, or $1.04 per share. A year earlier it earned $941 million, or 88 cents per share. Revenue rose 6 percent to $16.6 billion from $15.71 billion, topping Wall Street's $16.57 billion forecast.
Aug 20- Home improvement chain Lowe's Cos Inc reported a 5.6 percent rise in quarterly sales as more people undertook home renovation projects after a prolonged winter. Net income rose to $1.04 billion, or $1.04 per share, in the second quarter ended Aug. 1, from $941 million, or 88 cents per share, a year earlier. Revenue rose to $16.59 billion from $15.71 billion.
NEW YORK— The stock market rose for a third straight day Wednesday despite a report from the Federal Reserve that showed a growing chorus of central bank officials willing to raise interest rates sooner rather than later. In the bond market, prices fell and yields rose as investors prepared themselves for higher interest rates.
Autozone Inc. rose $2.94 or. 6 percent, to $536.84. Bed Bath& Beyond Inc. rose$. 86 or 1.4 percent, to $63.25. Best Buy rose$. 84 or 2.8 percent, to $30.75.
*Apple retakes triple-digit territory, hits $100. NEW YORK, Aug 19- U.S. stocks ended higher for the second straight session on Tuesday, as robust housing data and strong earnings from Dow component Home Depot overshadowed lingering concerns about the conflict in Ukraine.
Autozone Inc. rose $4.04 or. 8 percent, to $537.94. Bed Bath& Beyond Inc. rose $1.08 or 1.7 percent, to $63.47. Best Buy rose$. 61 or 2.0 percent, to $30.52.
Aug 19- Home Depot Inc, the world's largest home improvement chain, said it expected same-store sales to grow faster in the second half of the year as customers furnish new houses and renovate existing ones in a recovering housing market.
WASHINGTON, Aug 19- U.S. housing starts rebounded strongly in July, pointing to momentum in the economy, but a moderate increase in consumer prices suggested the Federal Reserve has room to keep interest rates low for a while.