Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.1%) and Nasdaq Composite (+0.1%) have moved into positive territory for the day, joining the DJIA (+0.3%).

The indices moved upwards due to improved standings across mega-cap names in the information technology (+0.1%) and communication services (+0.2%) sectors, which lagged in the early going.

The market received a batch of earnings reports before the open that included several notable retailers. Kohl's (KSS 16.14, +3.09, +23.69%) surged after beating EPS expectations by $0.26, reporting revenues in line, and guiding FY26 EPS above consensus, with revenues below consensus. The stock has an extremely high short interest reported at approximately 43% of the float.

Abercrombie & Fitch (ANF 98.22, +1.48, +1.52%) also trades higher after an earnings beat, while PVH (PVH 81.73, -0.76, -0.92%) moves lower.

The SPDR S&P Retail ETF holds a 1.5% gain today.