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@frostmourne 3 months ago

Tuesday recap: Retailers pop on earnings, Nvidia drops 4%

Tuesday recap: Retailers pop on earnings, Nvidia drops 4%

Markets were generally up Tuesday with the Dow gaining over 1%. Retailers had a strong showing. Kohl's jumped 35% after reporting a surprise profit and finalizing their CEO spot. Abercrombie rose 30% on an earnings beat, driven largely by Hollister sales. Zoom was also up 12% on good results and AI updates. Tech was mixed though. Nvidia fell nearly 4% on reports that Meta might use Google chips, dragging AMD down with it. Crypto stocks like Coinbase and Robinhood also dropped as Bitcoin slid to around $87,200.
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