U.S. stocks opened higher with Dow, S&P 500, and Nasdaq trading 0.7% higher. Citigroup stake sell of 4.9% to Abu Dhabi sparked a rally in banking and financial services companies. The news lifted stocks in Japan, Hong Kong, and across Europe. American Eagle reported lower than expected profit but Talbots declared losses. Home prices fell 4.5% in the third quarter from a year ago according to an index published by S&P.
At the end of the third quarter, Target Corporation operated 1,591 Target stores in 47 states.
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