MARKET PULSE-Zale, Saks, CVR Partners, Multiband, Target, Toll

Wed May 22, 2013 10:02am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, click on )

May 22 (Reuters) - Some U.S. stocks on the move on Wednesday:

Wall St opens higher ahead of Bernanke

U.S. stocks edged higher at the open ahead of highly anticipated testimony in Congress by Federal Reserve Chairman Ben Bernanke on the economy and monetary policy. Bernanke is expected to strike a dovish tone when he addresses a congressional committee at 10:00 a.m. EDT (1400 GMT).

The Dow Jones industrial average <.DJI. was up 0.14 percent, the S&P 500 0.14 percent and the Nasdaq Composite 0.07 percent.

** SAKS INC, $15.74, up 15 pct (0935 ET)

The luxury department store chain hired Goldman Sachs to explore strategic alternatives, including a sale, the New York Post reported, citing a source briefed on the matter.   Continued...