US stocks fell on the 26th, with the Dow Jones Industrial Average closing down 113.52 points at 53,463.88, and the Nasdaq down 21.10 points at 26,130.20. Persistent inflation shown in the Personal Consumption Expenditures (PCE) index and higher rates weighed on sentiment, with selling continuing throughout the day, but lower oil prices limited the downside. Ahead of chipmaker Nvidia's earnings after the close, the market continued to adjust. By sector, technology hardware and equipment rose, while pharmaceuticals and biotech fell. Among individual stocks, Abercrombie & Fitch rose after its quarterly earnings showed adjusted earnings per share double market expectations and it raised its full-year outlook. JM Smucker also rose after beating profit estimates. Oracle rose on an upgrade. Meta Platforms rose after settling a lawsuit with authorities over child safety measures, agreeing to pay $18 billion in settlement. Apple was bought on expectations of a foldable iPhone announcement. Salesforce rose in after-hours trading after its earnings beat expectations and it announced a partnership with AI startup Anthropic. Nvidia fell after its second-quarter profit beat expectations but its third-quarter gross margin outlook fell short of expectations.
Abercrombie & Fitch Company
Meta Platforms Inc.
Oracle Corporation
