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Gold & Target Surge to Start New Year, Wells Slices Apple

Gold is off to a fast start, up nearly $20 to $1220 an ounce. Gold fell almost 30% in 2013 while the S&P gained that much. Shares of Target are also up nicely on the first full trading day of the new year. According to investment bank Piper Jaffray, the retailer had strong Christmas sales. Elsewhere in retail, Macy's and Martha Stewart Omnimedia reached a settlement related to a breach-of-contract lawsuit involving J.C. Penney. Meanwhile, Apple's stock is under pressure after a downgrade from Wells Fargo.