Dow Jumps 200 Points; Abercrombie & Fitch Posts Upbeat Profit



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.

Check This Out: Emerson Electric To Rally More Than 19%? Here Are 10 Top Analyst Forecasts For Wednesday


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 expectations of $1.43 billion.


Equities Trading UP


Aptorum Group Limited (NASDAQ: APM) shares shot up 90% to $3.17. Aptorum Group announced an agreement and plan of merger with YOOV Group Holding Ltd and a split-off agreement to separate its legacy business.

Shares of Airship AI Holdings, Inc. (NASDAQ: AISP) got a boost, surging 63% …

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