Author: Elena Todorova
123jump.com
Last Update: 10:14 AM EDT May 23 2007

Wall Street opened higher amid deal speculations in the metals and media sectors. Retailers posted gains on strong earnings. Target advanced 3.3% after the retailer posted better-than-expected Q1 earnings of 75 cents a share and revenue of $14.04 billion which came in below analyst estimates. Medtronic rose 5.2% after it said Q4 earnings and revenue beat expectations. The Medical device maker said quarterly profit rose 10% despite sluggish sales of implantable heart devices.