- S&P 500 renewed record highs above 3,390 on Wednesday.
- Target shares gain more than 12% on upbeat second-quarter sales report.
Wall Street’s main indexes started the day relatively quiet on Wednesday but that didn’t stop the S&P 500 Index (SPX) from touching a fresh record high of 3,399. As of writing, the SPX was up 0.2% on a daily basis at 3,396.
S&P 500 top movers
Earlier in the day, Target Corp (TGT) reported that digital sales in the second quarter surged by 195% to record the best comparable sales growth of 24.3% in that period. Furthermore, the company’s adjusted profit per share came in at $3.38 in Q2 and beat analysts’ estimate. Boosted by this report, TGT is trading at an all-time high of $154.06 on Wednesday, gaining 12.5% on the day as the top-performer.
Major cruise liner stocks are among the other top gainers in the S&P 500 on Wednesday. As of writing, Norwegian Cruise Line Holdings Ltd (NCLH) and Royal Caribbean Cruises Ltd (RCL) shares were up 4.2% and 2.6%, respectively.
On the other hand, Jack Henry & Associates Inc (JKHY) shares are down 12.7% on the day after the company reported Q4 revenue of $410.5 million and missed the market expectation of $413.1 million.