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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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Several major retailers reported stronger-than-expected second-quarter earnings results, driving significant stock price increases. Abercrombie & Fitch surged 35.7% after beating EPS estimates by 24%, while Kohl's, J.M. Smucker, and Williams-Sonoma also exceeded consensus expectations with modest gains.
Read original at zacks-investment-researchBarclays analyst Adrienne Yih maintains Abercrombie & Fitch (NYSE:ANF) with a Equal-Weight and raises the price target from $114 to $155.
Read original at benzingaUBS analyst Mauricio Serna maintains Abercrombie & Fitch (NYSE:ANF) with a Buy and raises the price target from $153 to $185.
Read original at benzingaMorgan Stanley analyst Alex Straton maintains Abercrombie & Fitch (NYSE:ANF) with a Equal-Weight and raises the price target from $87 to $134.
Read original at benzingaSalesforce 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.
Read original at benzingaCre8 Enterprise (NASDAQ: CRE) stock surges over 139% as customer base hits record 550 and IPO prospectus demand spikes in 1H 2026.
Read original at benzinga