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MarketWatchAug 21, 2019
Market Snapshot: Dow rises 200 points amid good earnings from Target and Lowe's
U.S. stocks head higher Wednesday after upbeat quarterly results from some of the nation's biggest retailers Target Corp., and Lowe's.

MarketWatch MarketPulseAug 21, 2019
Target's stock soars toward record rally and record high
Shares of Target Corp. rocketed 18.2% in morning trading Wednesday, which puts them on track for the biggest one-day gain in its history, after the retailer reported better-than-expected fiscal second-quarter results and raised its outlook. The stock was trading well above the Sept. 10, 2018 record close of $89.26 and all-time intraday high of $90.39. The stock's percentage gain would be bigger than the current record rally of 17.8% on Oct. 28, 2008. Target went public in October 1968. The current price gain of $15.61 is adding about $8 billion to the retailer's market capitalization, which would lift the market cap to about $51.9 billion. That's still well below the market cap of rival Walmart Inc. of $323.1 billion. Target's stock has gained 2.7% over the past 22% over the past months, while Walmart shares have advanced 18% and the Dow Jones Industrial Average has tacked on 1.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



CNBC BusinessAug 21, 2019
Stocks making the biggest moves premarket: Target, Lowe's, Urban Outfitters, Tesla & more
Names on the move ahead of the open.
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