In earnings news, Staples (SPLS) fell -14.53% after they announced that the company will be lowering its full year outlook after weaker than expected quarterly results. Target (TGT) gained 1.74% after the retailer reported better than expected Q2 earnings, raising Q3 and full year projections above analyst estimates. Finally, Abercrombie & Fitch (ANF) jumped 9% to lead the S&P after reporting good quarterly earnings and a 10 million share increase to its buyback program.