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Target Corp
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Target shares are hitting all-time highs this week, with CNBC contributor Mike Khouw of CRT Capital Group LLC.
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Costco Wholesale Corp. fell$. 10 or. 1 percent, to $113.38. Target fell $2.86 or 4.0 percent, to $68.40. Wal-Mart Stores Inc. fell$. 36 or. 5 percent, to $77.03.
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Target shares are hitting all-time highs this week, with CNBC contributor Mike Khouw of CRT Capital Group LLC.
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NEW YORK, May 22- U.S. stocks fell on Wednesday with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest U.S. The minutes followed comments from Chairman Ben Bernanke, who said the Fed could decide to scale back the pace of bond purchases at one of the "next few meetings" if the economic recovery looked set to maintain forward momentum.
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Stocks closed down 1 percent after the minutes from the last Fed policy setting meeting suggested the central bank could begin tapering bond purchases sooner than the market expects.
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NEW YORK, May 22- U.S. stocks fell on Wednesday with a selloff accelerating in late afternoon trade, after minutes from the latest U.S. The minutes followed comments from Chairman Ben Bernanke who said the Fed could decide to scale back the pace of bond purchases at one of the "next few meetings" if the economic recovery looked set to maintain forward momentum.
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NEW YORK-- Target Corp. said Wednesday that its first-quarter net income fell 29 percent as cool weather and economic pressures chilled shoppers' appetite for spending. Revenue at stores open at least a year slipped 0.6 percent as the number of transactions fell 1.9 percent.
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NEW YORK-- Shares of some top big-box retail companies are mixed at 1 p.m.:. Costco Wholesale Corp. rose$. 64 or. 6 percent, to $114.12. Wal-Mart Stores Inc. rose$. 01 or percent, to $77.40.
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*Saks rallies on report it could sell itself. NEW YORK, May 22- U.S. stocks rose on Wednesday, giving up some gains after an initial rally, after Federal Reserve Chairman Ben Bernanke said the central bank needed to see further signs of traction in the economy before it tapered its economic stimulus efforts.
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NEW YORK-- Shares of some top big-box retail companies are mixed at 10 a.m.:. Costco Wholesale Corp. rose$. 30 or. 3 percent, to $113.78. Wal-Mart Stores Inc. rose$. 11 or. 1 percent, to $77.50.
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Bernanke pre-empted by Dudley: Will he throw it back into Congress' lap?
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*Saks rallies on report it could sell itself. NEW YORK, May 22- U.S. stocks edged higher at the open on Wednesday, ahead of highly anticipated testimony in Congress by Federal Reserve Chairman Ben Bernanke on the economy and monetary policy.
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*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.
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U.S. stock market futures indicated a higher opening on Wednesday, ahead of a closely-watched speech by Fed Chair Ben Bernanke.
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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.
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Target cuts its full-year profit forecast while turning in a weak first quarter with disappointing sales, as a chilly start to spring kept shoppers from buying seasonal items.
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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.
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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.
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The "Fast Money" traders share their final trades of the day and what they're looking out for Wednesday.
