Target, Lowe’s post gains; Urban Outfitters, Citigroup slide
Stocks that moved substantially or traded heavily on Wednesday:
Target Corp., up $15.58 to $126.43
The retailer raised its profit forecast for the year after handily beating analysts’ third-quarter earnings expectations.
Lowe’s Corp., up $4.43 to $117.83
The home improvement retailer raised its profit forecast for the year following solid third-quarter earnings.
Urban Outfitters Inc., down $4.38 to $24.41
The clothing and accessories retailer fell short of Wall Street’s third-quarter profit and sales forecasts.
Citigroup Inc., down 91 cents to $73.91
The bank and its peers fell broadly as bond yields slid and crimped their ability to charge more lucrative interest rates on loans.
NXP Semiconductors NV, up 73 cents to $114.74
The chipmaker will resume its buyback program for up to $2 billion in stock in 2020.
Hologic Inc., up $2.04 to $49.19
The medical device maker is selling its Cynosure medical aesthetics business for $205 million.
Alibaba Group Holding Ltd., down $2.90 to $182.35
The Chinese e-commerce giant’s share offering in Hong Kong was priced at discount.
Halliburton Co. (HAL)
Rising oil prices helped lift oilfield services providers and other energy companies.