Retail earnings remained in focus for investors after disappointing Target and Walmart results rocked the markets last week. Apparel maker Abercrombie & Fitch was a top decliner Tuesday, falling almost 30% after its financial results showed freight and product costs weighed on its sales.
Though the S&P 500 was down, it didn’t fall far enough to cross into a bear market, which it has fought to steer clear of in recent weeks. The broad-market average ended the day down about 18% from its record.
The Nasdaq remains deep in a bear market, 30.5% off its record, and the Dow is sitting roughly 13.6% away from its high.
