Stocks fell Wednesday after Target cut its 2014 outlook and before the release of minutes from the Federal Reserve's last meeting.» Read More
*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.
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.
Aug 19- Home Depot Inc, the world's largest home improvement chain, reported a better-than-expected 5.8 percent rise in same-store sales as customers spent more on home repairs after a severe North American winter. Analysts had expected Home Depot's same-store sales to rise 4.4 percent, according to research firm Consensus Metrix.
ATLANTA— Home Depot's fiscal second-quarter net income surged 14 percent thanks to a rebound in its spring selling season. "These results support the view of a continued recovery in the U.S. home-improvement market," Frank Blake, Home Depot's CEO, told investors during its earnings call. Home Depot also has been helped of late by an improving U.S. housing market.
Home Depot reported a 5.7 percent rise in quarterly sales as customers spent more on home repairs after a severe North American winter.
Autozone Inc. rose $4.87 or. 9 percent, to $533.90. Bed Bath& Beyond Inc. rose$. 48 or. 8 percent, to $62.39. Best Buy rose$. 72 or 2.5 percent, to $29.91.
Autozone Inc. rose $3.57 or. 7 percent, to $532.60. Bed Bath& Beyond Inc. rose$. 60 or 1.0 percent, to $62.51. Best Buy rose$. 25 or. 9 percent, to $29.44.
Some of the names on the move ahead of the open.
Autozone Inc. fell $1.64 or. 3 percent, to $529.03. Bed Bath& Beyond Inc. fell$. 64 or 1.0 percent, to $61.91. Best Buy fell$. 34 or 1.2 percent, to $29.19.
Autozone Inc. fell$. 29 or. 1 percent, to $530.38. Bed Bath& Beyond Inc. fell$. 62 or 1.0 percent, to $61.93. Best Buy fell$. 48 or 1.6 percent, to $29.05.
Autozone Inc. rose $3.71 or. 7 percent, to $534.38. Bed Bath& Beyond Inc. fell$. 32 or. 5 percent, to $62.23. Best Buy rose$. 02 or. 1 percent, to $29.55.
WASHINGTON— National Association of Home Builders releases housing market index for August, 10 a.m.. WASHINGTON— Commerce Department releases housing starts for July, 8:30 a.m.; Labor Department releases Consumer Price Index for July, 8:30 a.m..