Wall Street has enjoyed a considerable bounce this week, and Friday, it appeared that investors were ready to take a break and assess the broader situation. With the World Economic Forum in Switzerland focusing a lot of attention on macroeconomic and geopolitical factors, market participants have a lot of things on their minds, but they feel more comfortable with the inherent uncertainty about the future. As of 8:15 a.m. ET, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were up 19 points to 32,619. S&P 500 (SNPINDEX: ^GSPC) futures had risen 11 points to 4,067, while Nasdaq Composite (NASDAQINDEX: ^IXIC) futures were higher by 65 points to 12,344.
Over the past couple of weeks, retail stocks and their latest earnings have been dominating financial headlines. Gap (NYSE: GPS) and American Eagle Outfitters (NYSE: AEO) added their names overnight to the list of companies disappointing their shareholders with their recent results, as their stocks fell sharply in premarket trading. However, there was one company that managed to move higher following its financial report. Read on for the details.
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Gap, American Eagle Become Latest Retail Stocks to Fall Hard