Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.1%), Nasdaq Composite (+0.1%), and DJIA (-0.5%) continue to sit mixed. 

Retail names are under pressure today, with shares of Abercrombie & Fitch (ANF 102.57, -22.30, -17.86%) plummeting after issuing underwhelming Q4 (Jan) guidance, disappointing investors who were positioned for a stronger holiday-quarter upside following an impressive Q3.

Q4 EPS guidance was narrowed to $3.50-3.60 from $3.40-3.70, which now sits slightly below Street expectations and removes hopes for a meaningful upside quarter. Revenue growth guidance was also narrowed to around 5% from 4–6%, disappointing analysts who were skewed toward the higher end of the prior range.

The SPDR Retail ETF is down 1.0%, with American Eagle (AEO 24.68, -2.14, -7.98%) another notable laggard. Meanwhile, Dollar General (DG 146.73, +3.99, +2.80%) holds a solid gain after trading lower in Friday's session in reaction to the Supreme Court not issuing a decision on the legality of President Trump's IEEPA tariffs.