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Dow Jones fell 150 points, NASDAQ declined 0.27%, and S&P 500 dropped 0.07%. Industrials shares jumped 1% while consumer discretionary stocks fell 0.7%. J.M. Smucker Co reported better-than-expected earnings and raised FY27 guidance. Equities mostly up in Asia and Europe.
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Victoria's Secret (VSXY) shares have declined 10% despite strong Q2 results showing 9% comparable sales growth, expanded margins, and positive customer trends. However, the stock trades above its historical valuation while facing headwinds from tariffs, transportation costs, and increased marketing spending. Analysts recommend a cautious approach, suggesting the pullback improves entry price but doesn't eliminate execution risks.
BMO Capital analyst Kelly Crago initiates coverage on Abercrombie & Fitch (NYSE:ANF) with a Outperform rating and announces Price Target of $170.
American Eagle stock is down 40% from 52-week highs. Could summer partnerships with big names help boost Q2 results?
Kenneth B. Robinson, Director at Abercrombie & Fitch, sold 800 shares valued at $119,752 on August 28, 2026. Despite the sale, Robinson retains 7,169 shares worth $1.06 million. The transaction follows ANF's impressive 54% one-year return, though the article notes that insider sales can occur for various reasons including tax withholding and prearranged plans.
Salesforce Inc (NYSE: CRM) stock rose on good Q2 results and raised FY27 guidance, while other tech stocks saw gains in early trading.Salesforce (NYSE: CRM) jumps on strong Q2 results and raised guidance, tech stocks up in pre-market trading.
Cre8 Enterprise (NASDAQ: CRE) stock surges over 139% as customer base hits record 550 and IPO prospectus demand spikes in 1H 2026.