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Dow Jumps 200 Points; Abercrombie & Fitch Posts Upbeat Profit

Benzinga ·  Mar 6 09:49

U.S. stocks traded higher this morning, with the Dow Jones gaining around 200 points on Wednesday.

Following the market opening Wednesday, the Dow traded up 0.54% to 38,791.96 while the NASDAQ rose 0.85% to 16,074.71. The S&P 500 also rose, gaining, 0.64% to 5,111.36.

Leading and Lagging Sectors

Information technology shares jumped by 1% on Wednesday.

In trading on Wednesday, financial shares rose by just 0.2%.

Top Headline

Abercrombie & Fitch Co.(NYSE:ANF) posted better-than-expected results for its fourth quarter on Wednesday.

Abercrombie & Fitch posted adjusted earnings of $2.97 per share, beating market estimates of $2.83 per share. The company's quarterly sales came in at $1.45 billion, versus...

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