Stock Market Surges, Kohl's & Abercrombie Shares Soar

Major US stocks climbed on Tuesday, with the Dow surging over one percent, S&P five hundred rising half a percent, and Nasdaq edging up by one-tenth of a percent. Kohls shares skyrocketed thirty-five percent after reporting a profit, while Abercrombie and Fitch shares jumped thirty percent on exceeding earnings. Zoom Communications shares rose twelve percent on better-than-expected results. However, Nvidia shares dropped nearly four percent due to a report suggesting Meta Platforms may use Alphabets chips. Coinbase stock and other crypto-related companies declined as Bitcoin price fell. Gold price increased, crude oil futures slid, and the ten-year Treasury yield dipped to four percent, with the US dollar losing ground against major currencies.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.