Market Overview - Major U.S. equities indexes experienced gains, with the Dow Jones Industrial Average up over 1%, the S&P 500 climbing 0.5%, and the Nasdaq increasing by 0.1% [1] Retail Sector Performance - Kohl's (KSS) shares surged 35% after reporting a surprise third-quarter profit and appointing Michael Bender as permanent CEO [2] - Abercrombie & Fitch (ANF) saw a 30% increase in shares after exceeding third-quarter earnings estimates, with sales growth expected to be driven by the Hollister brand during the holiday season [3] Technology Sector Developments - Zoom Communications (ZM) reported quarterly results that surpassed analysts' expectations, resulting in a 12% rise in shares, attributed to meaningful adoption of its AI offerings [4] - Nvidia (NVDA) shares fell nearly 4% following reports that Meta Platforms is considering using chips from Alphabet, impacting Nvidia and its competitor AMD negatively [5] Cryptocurrency and Commodities - Coinbase (COIN) and other cryptocurrency-related stocks continued to decline as Bitcoin's price dropped to around $87,200, while gold prices rose and crude oil futures decreased [6]
Top Stock Movers Now: Nvidia, Coinbase, Kohl's, and More