News Summary

Shares of Dillard Department Stores Inc DDS gained about 1.3% after the retailer reported 7% rise in its December sales at stores open at least one year. However, analysts were expecting 3% rise in same-store sales. DDS' total sales for the same period surged 6% y/y to $1.07 billion. The dollar moved down slightly, while Treasury prices remained higher after weekly jobless claims increased by 18,000 to 409,000. The dollar index (DXY) gained about 0.09%. Against the greenback, the euro fell around 0.2358%. Yields on 10-year notes dropped about 1.13%. Shares of Macy's Inc M dropped about 2.9% after the company reported 3.9% surge in its December same-store sales. However, analysts had expected a rise of 4.5% in its same-store sales. The retailer's total December sales advanced 4.5% y/y to $4.62 billion. Macy's projects Q4 earnings of $1.44 to $1.49 per share, down from analysts' estimates of $1.50 per share. Read more from Benzinga's Markets.