MARKET PULSE-EBay, Target, Tiffany, Eaton Vance, American Eagle
(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. stocks opened modestly higher 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. The Dow Jones industrial average was up 0.79 percent at 16,503.97, the S&P 500 was up 0.58 percent at 1,883.73 and the Nasdaq Composite was up 0.65 percent at 4,123.27.
** EBAY INC, $50.965, -1.91 pct
The e-commerce company said a database was compromised in a hacking attack between late February and early March, and clients' non-financial information was stolen.
** TARGET CORP, $57.32, +1.25 pct
The retailer reported a 16 percent drop in first-quarter profit, but showed signs of progress in its efforts to rebuild customer confidence in the wake of a massive theft of payment card data and a botched expansion into Canada.
** TIFFANY & CO, $96.05, +8.86 pct
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. Continued...