MARKET PULSE-Tiffany, Eaton Vance, Target, Dycom, Hercules Offshore

Wed May 21, 2014 9:17am EDT
 
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(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) Wall Street was set for a modestly higher open on Wednesday, with 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 0.34 percent at 1,874.4 and Nasdaq 100 futures were up 0.28 percent at 3,606.5.

** TIFFANY & CO, Tuesday close $88.23, +7.22 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.

** EATON VANCE CORP, Tuesday close $35.46

The asset manager's quarterly profit rose nearly 18 percent, as it earned higher fees from its investment advisory and administrative services.

** AMERICAN EAGLE OUTFITTERS INC, Tuesday close $11.33, -4.15 pct premarket

The teen apparel retailer's quarterly profit slumped 86 percent as it struggles to attract shoppers amid intense competition and weak demand.   Continued...