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-7.32654406917674E-05 -0.00120887977141197 -0.00359000659388973 -0.00315041394973996 -0.00216133050040308 -0.00102571616968287 0.00124844310938531 0.00175837057659888
Stock impact report

Leading Wall Street Stories of the First 9 Months & Top Stocks [Yahoo! Finance]

Abercrombie & Fitch Company (ANF) 
Last abercrombie & fitch company earnings: 3/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: abercrombie.com/shop/us
Company Research Source: Yahoo! Finance
The artificial intelligence (AI) craze and rate-cut optimism have been the major driving factors amid recession fears, geopolitical tensions and the sell-off in tech stocks that weighed on investors' confidence. The S&P 500, the Dow Jones Industrial and the Nasdaq Composite have risen 20%, 11.2% and 20.5%, respectively, so far this year. The Highly Anticipated Fed Rate Cut After holding the rates at a 23-year high for 14 consecutive months since July 2023, Federal Reserve Chair Jerome Powell kicked off the new rate cycle era by initiating a 50 basis points cut in interest rates. This marked the first rate cut since 2020 to address slowing economic growth and showed greater confidence that inflation is moving sustainably toward the 2% target level. The central bank projects two more rate cuts of 50 bps in its final two meetings this year, due in November and December. It also indicates another 100-bps rate cut next year and a 50-bps cut in 2026, which means four rate cuts in 20 Show less Read more
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