In the news:
- Target's 1Q profit drops 26 pct on weak sales8:25 AM ET | AP
- The Irish loophole behind Apple's low tax bill8:23 AM ET | Reuters
- Zale taps rival's ex-CEO as chairman, same-store sales edge up8:21 AM ET | Reuters
- UPDATE 2-Staples results miss estimates on overseas weakness8:20 AM ET | Reuters
- UPDATE 1-Target cuts full-year forecast after weak first quarter8:20 AM ET | Reuters
- Boeing plans to return more cash to shareholders -CEO McNerney8:19 AM ET | Reuters
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[BRIEFING.COM] S&P futures vs fair value: +3.10. Nasdaq futures vs fair value: +5.70. Equity futures trade with modest gains as investors react to a flurry of quarterly earnings reports. Retailers have been in early focus as Target (TGT 69.65, -1.51) and Lowe's (LOW 41.41, -1.04) trade lower after the two reported revenues below analyst expectations. In addition, Target lowered its second quarter earnings guidance. Elsewhere, American ... More
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