BUZZ-U.S. STOCKS ON THE MOVE-American Eagle, Rayonier, Corbus, Arch Coal, Eldorado
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U.S. stocks pared losses on Wednesday after the latest minutes from the U.S. Federal Reserve showed that an improving job market edged the central bank closer to an interest rate hike at its July meeting.
The Dow Jones industrial average was down 0.39 percent at 17,442.86, the S&P 500 was down 0.36 percent at 2,089.4 and the Nasdaq Composite was down 0.26 percent at 5,046.313.
** TARGET CORP, $80.5, +0.25 pct
The retailer's stock reversed course after rising earlier as the company reported a higher-than-expected quarterly profit and raised its full-year earnings forecast for the second time, benefiting from strong demand for clothing and other product categories at the center of its growth plan.
** LOWE'S COS INC, $73.7, +0.93 pct
The No.2 U.S. home improvement chain reported a lower-than-expected quarterly profit, hurt by a rise in costs and a higher tax rate. Lowe's also posted its slowest growth in same-store sales in five quarters. But that, however, topped analysts expectations on higher demand for items such as appliances and outdoor power equipment. Continued...