This Retail Stock's Latest Surge Will Surprise You
The stock market had a quiet opening on Wednesday morning, with market participants reacting to the latest earnings reports from a couple of major retail players. Investors are also trying to sort through all the macroeconomic, geopolitical, and company-specific factors that are affecting the market right now.
As of shortly before 11 a.m. EDT today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 26 points to 35,333. But the S&P 500 (SNPINDEX: ^GSPC) had gained 2 points to 4,450, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had picked up 20 points to 14,676.
Among top retail stocks, Target (NYSE: TGT) and Lowe's (NYSE: LOW) were the latest to weigh in with their most recent results. Some investors were surprised to see Lowe's turn out to be the bigger winner, especially given how much it has outperformed rival Home Depot (NYSE: HD) with its stock price gain as a result of their respective announcements this week.
Source Fool.com
