Stocks eked out small gains in volatile trading Wednesday, with the Nasdaq briefly hitting a 14-year high.
Many traders set up to be short stocks and Treasuries this year. Retail stocks seeing short covering today.
There has been a lot of pain because many traders had been set up to be short stocks and Treasurys this year. That trade has not worked out.
A cybersecurity firm said it uncovered stolen credentials from some 360 million accounts that are available for sale on cyber black markets.
Target's profit almost halved in the holiday quarter as it dealt with the fallout of a data breach and warned that it could hurt future profits.
U.S. stock index futures pushed higher on Wednesday ahead of more housing data and several quarterly fourth quarter earnings updates.
Chris Horvers, JPMorgan analyst, digs deep into the retailers fourth quarter numbers, after last year's massive data breach helped push profits down. It's going to take time for Target to rebuild confidence with the consumer, says Horvers.
Some of the names on the move ahead of the open.
It may be time for Darden Restaurants to let shareholders take Red Lobster into their own hands.
Burt Flickinger, managing director at Strategis Resource Insight Group, comments on Target ahead of the group's result and says it should set a new record regarding litigation and liability costs due to its data breaches.
Some of Tuesday's midday movers:
Some within the industry say the globalization of retail has brought with it a new challenge: It's taking the excitement out of global shopping.
The U.S. House of Representatives' committee has demanded copies of messages showing when retailer Target learned of a breach of customer data.
CNBC's Courtney Reagan reports the House Oversight Committee has asked for more information from Target as to when the retailer first learned about the massive data breach.
The latest cold blast is likely to add to the murky economic picture, which is already making it difficult for stocks to advance.
A string of hacking attacks has put cybersecurity back in the spotlight, but the next online attack may be aimed at your living room.
Toy maker Infantino is recalling 191,000 teething toys sold exclusively at Target because a child could potentially choke on one of its parts.
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Bank of America Merrill Lynch has published a list of stocks that could gain from the global drive to improve cybersecurity.
Customer satisfaction with online shopping slipped 4.9 percent to a benchmark of 78, the lowest score since 2001.