Stock Market Update
26-Aug-26 10:30 ET
Abercrombie & Fitch surges after earnings
Dow -130.10
at 53447.30,
Nasdaq -104.02
at 26068.32,
S&P -9.25
at 7668.03
[BRIEFING.COM] The S&P 500 (-0.1%), Nasdaq Composite (-0.4%), and DJIA (-0.3%) are now modestly lower as tech and mega-cap stocks begin to slip. The information technology sector (-0.2%) is now modestly lower, and the Vanguard Mega Cap Growth ETF (-0.3%) is moving below its flatline.
Meanwhile, retail and apparel stocks are mostly higher following Abercrombie & Fitch's (ANF 144.39, +35.49, +32.59%)Q2 results this morning, extending the group's recent strength. The apparel retailer beat expectations on both the top and bottom lines, with results encouraging even beyond a sizable tariff-refund benefit as underlying operating performance also exceeded expectations. Peers such as Urban Outfitters (URBN 78.97, +3.19, +4.21%) and American Eagle (AEO 17.40, +0.66, +3.97%) trade higher as well, and the State Street SPDR S&P Retail ETF is up 0.9%.
