Target, Facebook, Ford: Stocks That Defined the Week
Discounter Target said sales at stores open at least a year rose 3.4% in the three months ended Aug. 3 while revenue and earnings also climbed. Its stock rose 20% Wednesday, the day its results were released. Target has been spending heavily to adjust to changes in shopping habits, and there were signs those improvements paid off. Meanwhile, traditional department stores are still hurting; Nordstrom Inc. said that sales and profit slipped in the latest quarter. Ford Motor Co. Big auto makers are trying to figure out who is in the driver’s seat when it comes to emissions rules: the White House or the state of California.