US retail stocks surge after Fed's Powell hints at rate cuts

Urban Outfitters

22/08/2025 15:46

** Shares of U.S. retailers rise after Federal Reserve Chair Jerome Powell hints at possible interest rate cuts

** U.S. stock indexes extended gains on Friday after Powell pointed to a possible rate cut at the central bank's next policy meeting in his remarks at the Jackson Hole Symposium .N

** Shares of apparel retailers Abercrombie & Fitch ANF.N up ~4%, American Eagle Outfitters AEO.N rise ~5%, Urban Outfitters URBN.O gain ~3%

** Shares of big box retailers Target TGT.N and Best Buy BBY.N also up ~3% each while Macy's M.N up ~3% and Kohl's KSS.N up ~6%

** Home improvement chains Home Depot HD.N and Lowe's LOW.N up ~2% each

** Shares of sportswear makers Nike NKE.N, Lululemon LULU.N up ~3% each and Under Armour UAA.N up ~2%

** Including today's move, S&P 500 Consumer Discretionary Distribution & Retail Index .SPXRT is up 5.5% YTD

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))