French police arrested seven people overnight in an apartment raid in Paris that resulted in two deaths, both of which were suspected terrorists. The raid had targeted the Belgian man suspected of masterminding the terrorist attacks on Friday which killed more than 100 people.
International markets were lower on the news. In Europe, Germany's DAX fell 0.51%, the CAC 40 in France tumbled 0.85%, and the FTSE 100 in London dropped 0.22%. In Asia, the Shanghai Composite closed 1% lower and the Hang Seng in Hong Kong dropped 0.34%.
Target (TGT - Get Report) shares fell 0.6% in premarket trading after the retailer reported its fourth straight quarter of traffic growth. The company earned an adjusted 86 cents a share, in line with estimates, while overall sales jumped 2.1% to $17.61 billion.
Norfolk Southern ( NSC - Get Report) climbed more than 3% in premarket trading after agreeing to "carefully evaluate" Canadian Pacific Railway's ( CP - Get Report) $28.4 billion bid. Norfolk Southern warned that a deal would face intense regulatory scrutiny.
Wells Fargo (WFC - Get Report) appointed Timothy Sloan as its new president and chief operating officer, likely positioning him as the bank's next CEO. Current CEO John Stumpf will need to retire from his position once he turns 65 in 2018, as per company rules. Sloan will continue in his position as head of wholesale banking.
Lowe's ( LOW - Get Report) climbed 2% before the bell after beating analysts' quarterly estimates on its top- and bottom-lines. The home-improvement chain also reaffirmed its full-year outlook of sales growth between 4.5% and 5% with comparable-store sales up at least 4%.
Staples (SPLS) fell 3% after a disappointing third quarter, including a sales decline of more than 6%. The company said North American offline and online sales tumbled nearly 8%, while comparable-store sales slid 2%.
Mobile payments processing company Square is set to price its IPO later Wednesday in a closely watched float. The company, run by Twitter (TWTR - Get Report) CEO Jack Dorsey, is one of the few private companies valued at $1 billion or more. Square previously set its IPO price range between $11 and $13 a share, valuing the company at up to $4.2 billion. Trading on the New York Stock Exchange is scheduled for Thursday.