HONG KONG — U.S. stock are drifting around their records, continuing a dayslong run of quiet trading. The S&P 500 was down 0.1% early Wednesday, a day after setting its latest all-time high. The Dow Jones Industrial Average was down 55 points. The Nasdaq composite was up 0.1% following its latest record. Target tumbled after the retailer reported profit that fell short of analysts’ expectations. TJX, the off-price retailer of apparel and home goods, rose after topping profit expectations.
Lululemon, the Canadian yoga and athletic wear company, skidded 4% after it announced it was modifying its organizational structure in conjunction with the departure of its chief product officer. Wednesday's retail-heavy reporting schedule include results from TJX Cos., Petco and Williams Sonoma. Coming later Wednesday is the latest government data on home sales and the release of minutes from the latest Federal Reserve meeting, where the U.S. central bank left its benchmark borrowing rate alone for the sixth straight time.
In South Korea, the Kospi was virtually unchanged at 2,723.46. Australia’s S&P/ASX 200 edged 0.1% lower to 7,848.10.
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