Target, Macy’s, JD.com: Top retail stocks making moves today

News Snapshot:

US stocks drifted higher on Wednesday, and while some investors were focused on the Labor Department's downward revisions to earlier jobs growth, three key retail names were making big moves — Target (TGT), Macy's (M), and JD.com (JD). Target Target stock jumped as much as 12% after the company reported better-than-expected second quarter results, topping Wall Street expectations on profit and revenue. Gross profit margins rose to 28.9%, up from 27% a year ago. The retail powerhouse also saw a 3% increase in store traffic during the quarter as it slashed prices this summer on 5,000 daily essentials — items...