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ANF News3 articles
Dow Hits Record High as Oil Plunges; AI Stocks Take a Breather
The Dow Jones Industrial Average closed at a record high of 50,650.76 on Wednesday, lifted by healthcare and consumer stocks, as oil prices tumbled and AI-related shares cooled.
Abercrombie & Fitch Surges on Q1 Profit Beat, Easing Turnaround Concerns
Abercrombie & Fitch shares rose 4-5% premarket after Q1 earnings beat, with EPS of $1.47 topping estimates. Net sales grew 2% to $1.11B, and full-year guidance was reaffirmed.
Gap Shares Retreat as Strong Jobs Data Clouds Rate Cut Outlook
Gap stock closed lower after a robust U.S. jobs report tempered expectations for near-term Federal Reserve rate cuts, with investors shifting focus to upcoming inflation data.