MARKET PULSE-EBay, Target, Tiffany, PetSmart, GlycoMimetics

Wed May 21, 2014 2:13pm 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 extended their gains on Wednesday, reversing a broad selloff in the prior session, after the release of minutes from the most recent meeting of the U.S. Federal Reserve. The Dow Jones industrial average was up 0.98 percent at 16,534.98, the S&P 500 was up 0.75 percent at 1,886.87 and the Nasdaq Composite was up 0.75 percent at 4,127.69.

** EBAY INC, $51.82, -0.27 pct

The e-commerce company said hackers stole email addresses, birthdays and other identity information between late February and early March in a data breach that may have affected a "large number" of accounts.

The stock fell nearly 3.2 percent to $50.30 in early trading.

** TARGET CORP, $57.01, +0.71 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.

  Continued...