U.S. stock market futures indicated a higher opening on Wednesday, ahead of a closely-watched speech by Fed Chair Ben Bernanke.
May 22- Target Corp cut its full-year profit forecast on Wednesday while turning in a weak first quarter with disappointing sales, as a chilly start to spring kept shoppers from buying seasonal items like clothing.
Target earned $498 million, or 77 cents per share, in the first quarter ended on May 4, compared with a profit of $697 million, or $1.04 per share, a year earlier.
Costco Wholesale Corp. rose $1.46 or 1.3 percent, to $113.48. Target rose$. 61 or. 9 percent, to $71.26. Wal-Mart Stores Inc. fell$. 01 or percent, to $77.39.
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.
NEW YORK-- Shares of some top big-box retail companies are up at 1 p.m.:. Costco Wholesale Corp. rose $1.40 or 1.2 percent, to $113.42. Wal-Mart Stores Inc. rose$. 11 or. 1 percent, to $77.51.
NEW YORK-- Sears Holdings Corp. is expected to report first-quarter earnings results after the regular markets close on Thursday that will provide more indications of how the struggling department store chain will turn around its business.
NEW YORK-- Shares of some top big-box retail companies are up at 10 a.m.:. Costco Wholesale Corp. rose$. 60 or. 5 percent, to $112.62. Wal-Mart Stores Inc. rose$. 14 or. 2 percent, to $77.54.
Costco Wholesale Corp. fell $1.03 or. 9 percent, to $112.02. Target fell$. 41 or. 6 percent, to $70.65. Wal-Mart Stores Inc. fell$. 47 or. 6 percent, to $77.40.
NEW YORK-- Shares of some top big-box retail companies are down at 1 p.m.:. Costco Wholesale Corp. fell$. 49 or. 4 percent, to $112.56. Wal-Mart Stores Inc. fell$. 18 or. 2 percent, to $77.69.
NEW YORK-- Target Corp.' s first-quarter financial results Wednesday should offer insight into how its shoppers are grappling with a payroll tax and other financial issues.
NEW YORK-- Shares of some top big-box retail companies are down at 10 a.m.:. Costco Wholesale Corp. fell$. 25 or. 2 percent, to $112.80. Wal-Mart Stores Inc. fell$. 08 or. 1 percent, to $77.79.
SAN FRANCISCO, May 17- Target Corp said on Friday it opened a new San Francisco office to track down technology companies that can help the second-largest U.S. retailer grow its online commerce business.
Costco Wholesale Corp. rose $1.54 or 1.4 percent, to $113.05. Target rose $1.06 or 1.5 percent, to $71.06. Wal-Mart Stores Inc. fell$. 63 or. 8 percent, to $77.87.