S&P 500 Gains and Losses Today: Ross Stores Climbs on Strong Earnings; Nvidia, Oracle, Broadcom Fall as AI Slump Persists
1. Ross Stores exceeded sales and profit expectations for Q3. 2. Shares rose 8.4% due to optimism for the holiday period. 3. The company benefited from strong back-to-school sales. 4. Analysts laud discount retailers for capitalizing on consumer bargain-seeking. 5. Federal Reserve rate-cut optimism may positively influence overall retail sector.