Market Update

U.S. stocks swung between gains and losses, wiping out an earlier rally, as Dell Inc. (DELL) forecast weaker sales and two Federal Reserve officials expressed concern about the amount of stimulus being applied to the economy.
Dell, the second-largest personal-computer maker, fell 10 percent as slower spending on PCs and consumer technology crimped its sales forecast. Abercrombie & Fitch Co. (ANF), the teen- clothing retailer, slid 7.8 percent after company executives said expenses will continue to rise this year. Target Corp. (TGT) rose 2 percent as cost cuts helped boost profit. Eastman Kodak Co. (EK) surged 21 percent as analysts and investors told Bloomberg News its patents may make it a takeover target.
The S&P 500 rose less than 0.1 percent to 1,193 at 3:16 p.m. in New York, after gaining as much as 1.3 percent and falling as much as 0.7 percent. The benchmark gauge dropped 1 percent yesterday, snapping a three-day rally. The Dow Jones Industrial Average lost 9.16 points, or 0.1 percent, to 11,396.77 today. http://www.bloomberg.com/news/2011-08-17/u-s-stock-index-futures-fluctuate-dell-drops-in-german-trading.html