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.
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.
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.
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.
Lowe's said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring gardening sales. CEO Robert Niblock, speaking on a conference call with analysts, discussed how results fared in areas that didn't have chilly weather this spring.
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.
*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.
U.S. stock market futures indicated a higher opening on Wednesday, ahead of a closely-watched speech by Fed Chair Ben Bernanke.
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.
*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.
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.
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.
Autozone Inc. rose $18.79 or 4.6 percent, to $427.84. Bed Bath& Beyond Inc. rose $1.19 or 1.8 percent, to $68.54. Best Buy fell $1.17 or 4.4 percent, to $25.64.
WASHINGTON _ National Association of Realtors releases existing home sales for April, 10 a.m. Eastern. WASHINGTON _ Federal Reserve releases minutes from April interest-rate meeting. WASHINGTON _ Federal Reserve Chairman Ben Bernanke testifies about the economy before the Joint Economic Committee.
Autozone Inc. rose $23.79 or 5.8 percent, to $432.84. Bed Bath& Beyond Inc. rose$. 84 or 1.2 percent, to $68.19. Best Buy fell $1.32 or 4.9 percent, to $25.49.