Midday Report: Target Leads Retail; Dow Returns Above 22,000

Strong quarterly performances from Target Corp. (TGT) - Get Report and Urban Outfitters Inc. (URBN) - Get Report inspired broader retail gains mid-week. The Dow retook a level above 22,000, while the S&P 500 sported a modest increase. Other retailers moved higher alongside Target and Urban Outfitters, partially reversing losses sustained a day earlier. The sector had tumbled on Tuesday after earnings disappointments from Coach Inc. (COH) and Dick's Sporting Goods Inc. (DKS) - Get Report . Crude oil inventories declined at a far sharper pace than anticipated in the past week. Stockpiles fell by 8.9 million barrels, more than double estimates. Gasoline stockpiles were unchanged, while distillates rose. Mylan NV (MYL) - Get Report increased after Citi analysts upgraded their rating to buy from neutral. The firm called the drugmaker the "best house on a somewhat beleaguered block," arguing it is best positioned to succeed in a tough climate.