MARKET PULSE-EBay, Target, Tiffany, Solar stocks, Celsion Corp

Wed May 21, 2014 10:57am 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) 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 0.95 percent at 16,529.33, the S&P 500 was up 0.70 percent at 1,885.98 and the Nasdaq Composite was up 0.70 percent at 4,125.71.

** EBAY INC, $51.6, -0.69 pct

The e-commerce company said client identity information including emails, addresses and birthdays was stolen in a hacking attack between late February and early March.

** TARGET CORP, $57, +0.69 pct

Target Corp 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, $96.58, +9.46 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...