Investing

Today's Market Winners and Losers

Source: Photo by Spencer Platt/Getty Images
Stocks opened mixed today, with the Dow Jones Industrial Average down 0.04%, the Nasdaq up 0.16% and the S&P 500 up 0.07%. Today’s market winners include a company who beat quarter four earnings expectations, and another who missed in the second quarter but increased its share buyback program. Meanwhile, today’s loser missed Wall St. earnings estimates and cut its full-year sales outlook.

Here are Wednesday’s market winners and loser.

Biggest Winners

Shares of Abercrombie & Fitch Co. (NYSE: ANF) are up 10.42% to $35.70 on trading volume of 4.3 million shares. Despite disappointing second-quarter earnings, shares rose as the retailer announced it was increasing its share buyback program by 10 million shares. The 52-week high is $77.49.

Shares of JDS Uniphase Corp. (NASDAQ: JDSU) are up 9.83% to $11.73 on trading volume of 7.8 million shares. The optical networking company reported fourth-quarter earnings of 15 cents a share, beating analyst estimates of 12 cents a share. The 52-week high is $15.17.

Biggest Loser

Shares of Staples Inc. (NASDAQ: SPLS) are down 15.42% to $11.38 on trading volume of 29.5 million shares. The company reported earnings of 18 cents a share in the second quarter, with Wall St. expecting 22 cents a share. Staples also said sales would stay flat for the year, despite saying sales would grow in the low single-digits previously. Before Wednesday, the 52-week low was $12.10.

Samuel Weigley

Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.