Why American Eagle Outfitters, Fossil, and Children's Place Stocks Are Soaring Wednesday
It's Wednesday, and stock markets are acting weird again. Today, for no apparent reason, the stock market is only vacillating (the Dow is up only a fraction of a percent, while the S&P 500 is actually down for the day) -- but a whole bunch of retailers went off to the races.
At 3:45 p.m. EDT, in the final 15 minutes of trading, we're watching retail clothier American Eagle Outfitters (NYSE: AEO) fly 6% higher, watchmaker Fossil Group (NASDAQ: FOSL) rise 12.3%, and Children's Place (NASDAQ: PLCE) romp to a 13.5% gain -- all on no obvious news.
Image source: Getty Images.
Source Fool.com
