Top Headline
Coach COH reported downbeat fiscal second-quarter profit.
Its revenue declined 5.6% to $1.42 billion. However, analysts were expecting a profit of $1.11 per share on revenue of $1.48 billion.
Equities Trading UPShares of Textron TXT got a boost, shooting up 7.51 percent to $38.81 after the company reported a 13% rise in its fourth-quarter income.
Equities Trading DOWN
Shares of Penn West Petroleum PWE were down 10.57 percent to $7.36 after the company issued operational update for the fourth quarter and 2013.
Coach COH was down, falling 7.12 percent to $48.81 after the company reported downbeat fiscal second-quarter profit.
CommoditiesSilver traded down 0.05 percent Wednesday to $19.86, while copper fell 0.39 percent to $3.34.
EurozoneEconomics
The MBA reported that its index of mortgage application activity rose 4.70% in the week ended January 17.
The Johnson Redbook Retail Sales Index fell 0.2% in the first two weeks of January from December.
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