BUZZ-U.S. STOCKS ON THE MOVE-American Eagle, Rayonier, Corbus, Arch Coal, Eldorado
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Wall Street was sharply lower on Wednesday as investors worried about the effect of China's slowing growth ahead of the minutes from the latest U.S. Fed meeting that could give clues regarding the timing of a rate increase.
The Dow Jones industrial average was down 1.13 percent at 17,313.42, the S&P 500 was down 1.07 percent at 2,074.45 and the Nasdaq Composite was down 1.09 percent at 5,004.354.
** TARGET CORP, $79.7, -0.75 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, $73.24, +0.30 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...