Check out which companies are making headlines after the bell Tuesday:» Read More
Kohl's Corp. rose $1.15 or 2.2 percent, to $52.35. Macy's Inc. rose$. 58 or 1.2 percent, to $49.43. Nordstrom rose$. 23 or. 4 percent, to $60.71.
Check out which companies are making headlines after the bell Tuesday:
NEW YORK, May 21- Shares of Saks Inc climbed higher Tuesday after the New York Post reported that the luxury department store chain hired Goldman Sachs to explore strategic alternatives, including a possible sale, citing a source briefed on the matter. They closed up 11.3 percent at $13.67 in regular trade, giving Saks a market value of more than $2 billion.
Stocks closed higher but off their best levels after two Fed officials dampened speculation the central bank was ready to consider "tapering" its bond-buying.
Among the earnings stories for Tuesday, May 21, from AP Business News:. _ The TJX Cos., the parent company of TJ Maxx and Marshalls clothing stores, said that its fiscal first-quarter net income rose 8 percent to match Wall Street predictions.
Dudley-Bullard: one-two dovish punch fuels rally. It's no secret most of the Street has been trying to anticipate the anticipated Fed "tapering" of bond purchases.
NEW YORK-- A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.:. Saks Inc. rose 8.4 percent to $13.32. Transcontinental Realty Investors Inc. rose 7.8 percent to $6.90.
Kohl's Corp. rose $1.02 or 2.0 percent, to $52.22. Macy's Inc. rose$. 50 or 1.0 percent, to $49.35. Nordstrom rose$. 39 or. 6 percent, to $60.87.
*Home Depot raises outlook, shares hit record intraday high. *JPMorgan shares hit highest since February 2001. NEW YORK, May 21- U.S. stocks gained on Tuesday as a record intraday high for Home Depot helped lift the blue-chip Dow, but investors were cautious a day ahead of congressional testimony from Federal Reserve Chairman Ben Bernanke.
Kohl's Corp. rose$. 37 or. 7 percent, to $51.57. Macy's Inc. rose$. 26 or. 5 percent, to $49.11. Nordstrom rose$. 44 or. 7 percent, to $60.92.
Traders will be listening for clues about possible tapering off of quantitative easing when two Fed presidents speak later on Tuesday.
May 21- Saks Inc reported higher-than-expected first-quarter sales on Tuesday and said it would speed up the launch of an e-commerce site for its outlet chain as it tries to catch rivals.
May 21- Saks Inc on Tuesday reported higher-than-expected first-quarter sales but said investments to launch an e-commerce site for its outlet chain would weigh more on profits than expected.
May 21- Saks Inc on Tuesday reported higher than expected first-quarter sales, but it warned that investments to launch an e-commerce site for its outlet chain would weigh more on profits than expected. Saks reported a profit of $20 million, or 13 cents per share, for the quarter ended May 4, versus a year-earlier profit of $32.1 million, or 18 cents per share.
U.S. futures signaled a flat-to-lower Wall Street open on Tuesday, as markets in Europe and Asia remained cautious ahead of Federal Reserve chief Ben Bernanke's testimony to the Senate.
Earnings from several retailers are a highlight Tuesday, but, for traders, the Fed will remain the focus all week.
Kohl's Corp. fell$. 38 or. 7 percent, to $51.20. Macy's Inc. rose$. 18 or. 4 percent, to $48.85. Nordstrom fell$. 20 or. 3 percent, to $60.48.
Kohl's Corp. fell$. 39 or. 7 percent, to $51.19. Macy's Inc. rose$. 32 or. 7 percent, to $48.99. Nordstrom fell$. 14 or. 2 percent, to $60.54.
The CNBC "Fast Money" traders are looking for opportunity in retailers' quarterly earnings reports this week.
Kohl's Corp. fell$. 26 or. 5 percent, to $51.32. Macy's Inc. rose$. 04 or. 1 percent, to $48.71. Nordstrom fell$. 13 or. 2 percent, to $60.55.