Dow Surges 100 Points; Abercrombie & Fitch Shares Fall After Q4 Results

by | Mar 4, 2026 | General

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Wednesday.

Following the market opening Wednesday, the Dow traded up 0.25% to 48,622.74 while the NASDAQ climbed 0.69% to 22,672.12. The S&P 500 also rose, gaining, 0.37% to 6,841.53.

Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings

Leading and Lagging Sectors

Consumer discretionary shares rose by 1.1% on Wednesday.

In trading on Wednesday, energy stocks dipped by 0.6%.

Top Headline

Shares of Abercrombie & Fitch (NYSE:ANF) fell around 5% on Wednesday after the company posted earnings for the fourth quarter.

The company reported quarterly earnings of $3.68 per share which beat the analyst consensus estimate of $3.57 per share. The company reported quarterly sales of $1.669 billion which met the analyst consensus estimate.

Abercrombie & Fitch said it sees first-quarter GAAP EPS of $1.20-$1.30, versus market estimates of $1.39. The company sees sales of $1.108 billion-$1.130 billion, versus estimates of $1.147 billion.

Equities Trading UP
           

  • VCI Global Ltd (NASDAQ:VCIG) shares shot up 149% to $20.02 after the company announced that its subsidiary, V Gallant, went live with Malaysia’s first NVIDIA-powered AI GPU Computing Center.
  • Shares of Actelis Networks Inc (NASDAQ:ASNS) got a boost, surging 160% to $0.49. On Monday, Actelis announced it secured an order to deploy its MetaLight solution as part of an approximately $120 million Caltrans modernization initiative on a state route in San Mateo County. MetaLight claims to provide fiber-grade Ethernet connectivity over existing copper infrastructure.
  • Can Fite Biopharma (NYSE:CANF) shares were also up, gaining 95% to $9.73 after the company announced that its Phase 2a study evaluating Namodenoson for advanced pancreatic ductal adenocarcinoma met its primary endpoint.

Equities Trading DOWN

  • Battalion Oil Corp (NYSE:BATL) shares dropped 38% to $17.17.
  • Shares of TMD Energy Ltd (NYSE:TMDE) were down 37% to $2.56.
  • Garden Stage Ltd (NASDAQ:GSIW) was down, falling 36% to $0.058 after the company announced a 200-for-1 reverse stock split.

Commodities

In commodity news, oil traded down 0.4% to $74.29 while gold traded up 1.3% at $5,188.20.

Silver traded up 2.3% to $85.350 on Wednesday, while copper rose 1.5% to $5.9130.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 rose 1.6%, while Spain’s IBEX 35 Index rose 2.2%. London’s FTSE 100 rose 0.9%, Germany’s DAX gained 1.6% and France’s CAC 40 jumped 1.2% during the session.

Asia Pacific Markets

Asian markets closed lower on Wednesday, with Japan’s Nikkei 225 falling 3.61%, Hong Kong’s Hang Seng index dipping 2.01%, China’s Shanghai Composite falling 0.98% and India’s BSE Sensex declining 1.40%.

Economics

U.S. private businesses added 63,000 jobs in February, the most since July, compared to a revised 11,000 gain in the previous month and above market estimates of 50,000.

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