Midday Report: Existing Home Sales Hit 10-Year High; Wall Street Waits For Fed Clarity

Stocks moved mostly lower as investors waited for clarity on interest rates. That will come in the form of the Federal Reserve's minutes from its January-February meeting out this afternoon, which could shed light on the likelihood of a March move. TJX Companies (TJX) - Get Report , owner of TJ Maxx, narrowly beat profit and sales estimates over its fourth quarter. The retailer said same-store sales rose by 3%, exceeding expectations of 2.5% growth. Dish Networks (DISH) - Get Report swung to a profit in its recent quarter from a loss in the year-ago quarter. Dish reported 28,000 more net Pay-TV subscribers over the quarter. Existing home sales in the U.S. in January rose to their best level in ten years. Sales of previously owned homes rose by more than 3% even as inventory slumped just over 7%.