News Summary

Shares of Family Dollar Stores Inc FDO gained about 0.6% after the company reported its Q2 net income at $123.2 million, or $0.98 per share, up from $112.2 million, or $0.81 per share, in the year-earlier period. The company's sales increased 8% to $2.26 billion. However, analysts were expecting earnings of $0.97 per share. FDO projects Q3 earnings of $0.92 to $0.97 per share, versus analysts' estimates of $0.94 per share. Shares of PPG Industries Inc PPG gained about 5% after the company projected Q1 earnings of $1.30 to $1.35 per share. However, analysts estimated earnings of $1.12 per share. PPG reported its adjusted earnings of $0.69 per share in the first quarter of 2010. Treasury prices gained and the US dollar dropped after ADP said private employers added 201,000 jobs in March in the US. The dollar index (DXY) gained 0.03% to 76.27, versus 76.280 before the data and versus 76.247 in late U.S. trading Tuesday. Against the dollar, the euro fell 0.1772% to $1.4086, versus $1.4086 before the report. Yields on 2-year notes dropped 2 basis points to 0.82%. Read more from Benzinga's Markets.