ACI - Hot Stocks: KR PSTG jump on earnings; AEO SNOW plunge; fertilizer stocks rise
Amid ongoing uncertainty about interest rates and the conflict in Ukraine, stocks posted modest losses on Thursday, led by a nearly 1.6% slide in the Nasdaq. The S&P 500 posted a decline of about 0.5%. While the overall market lost ground, stocks related to the fertilizer industry pushed further higher. With Russia's invasion of Ukraine causing supply constraints, CF Industries (NYSE:CF), Mosaic (NYSE:MOS) and Nutrien (NYSE:NTR) all extended recent gains to establish fresh highs. Elsewhere in the market, Pure Storage (NYSE:PSTG) represented one of the day's standout gainers. The stock posted a double-digit percentage gain after releasing a stellar earnings report. Kroger (NYSE:KR) also rallied on financial figures. Shares of the grocery store chain jumped to a fresh high after beating expectations in its latest quarter. The news also gave a boost to competitor Albertsons (NYSE:ACI). On the other side of the ledger, American Eagle Outfitters (NYSE:AEO) suffered notable selling
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Hot Stocks: KR, PSTG jump on earnings; AEO, SNOW plunge; fertilizer stocks rise