MARKET PULSE-EBay, Target, Tiffany, Silver Standard, PHH Corp
(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 rebounded on Wednesday, reversing 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 0.72 percent at 16,491.96, the S&P 500 was up 0.45 percent at 1,881.33 and the Nasdaq Composite was up 0.35 percent at 4,111.35.
** EBAY INC, $51.66, -0.58 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. The stock fell nearly 3.2 percent to $50.30 in early trading.
** TARGET CORP, $56.49, -0.21 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.
The company's shares rose as much as 1.4 percent to $57.41 earlier in the session.
** TIFFANY & CO, $95.71, +8.48 pct Continued...