MARKET PULSE-Tiffany, Target, Lowe's, American International
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures advanced on Wednesday, putting the S&P 500 on track to rebound from a broad selloff in the prior session ahead of the release of minutes from the most recent meeting of the U.S. Federal Reserve. Dow Jones industrial average futures were up 0.18 percent at 16,366, S&P 500 futures were up 0.21 percent at 1,872 and Nasdaq 100 futures were up 0.28 percent at 3,606.5.
** TIFFANY & CO, Tuesday close $88.23, +6.95 pct premarket
The retailer raised its full-year profit forecast after the company reported stronger-than-expected quarterly results as its increasing focus on lower-priced jewelry attracted customers in the United States, its biggest market.
** TARGET CORP, Tuesday close $56.61, +0.07 pct premarket
The retailer reported a 16 percent drop in quarterly profit but showed signs of progress in its efforts to rebuild customer confidence in the wake of a massive theft of payment card data in the United States and a botched expansion into Canada.
** TRINA SOLAR LTD, Tuesday close $10.36, +8.20 pct premarket
The Chinese solar company reported a quarterly profit compared with a loss a year earlier, helped by better prices for its solar panels, and it forecast higher shipments for the current quarter. Continued...