Gold is off to a fast start, up nearly $20 to $1220 an ounce. Gold fell
almost 30% in 2013 while the S&P gained that much. Shares of Target
are also up nicely on the first full trading day of the new year.
According to investment bank Piper Jaffray, the retailer had strong
Christmas sales. Elsewhere in retail, Macy's and Martha Stewart
Omnimedia reached a settlement related to a breach-of-contract lawsuit
involving J.C. Penney. Meanwhile, Apple's stock is under pressure after a
downgrade from Wells Fargo.
No comments:
Post a Comment