WEDNESDAY 8/17/16; AEO; ADI; JASO; LOW; SPLS; TGT; FOMC Minutes; CSCO; LB; NTAP

Euro 1.1274. Dollar/yen 100.29. Pound 1.3027. Aussie dollar 0.7697. Dollar/yuan 6.6254.

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Cisco confirms that 5,500 employees will be cut, about 7% of its workforce. CSCO is down -1.4% in the AH’s trading after beating on EPS and matching on the top line. NTAP launches +5.7% after earnings. Skimpy lingerie seller LB dances +2.2% higher after earnings. NTES +0.7%.