nuSep 3, 2026, 14:00

Victoria's Secret shares tumble after earnings report

Victoria's Secret shares fell as investors remained unimpressed by quarterly results, even as CEO Hillary Super focuses on core growth strategies. Meanwhile, Snowflake shares surged on strong AI demand, while broader markets rose and oil prices climbed amid escalating tensions in the Middle East.

Victoria's Secret shares declined following their latest quarterly results, despite CEO Hillary Super's efforts to revitalize the brand by focusing on core lingerie and the Pink label for young adults. Conversely, Snowflake shares surged by 24.2 percent after the software company exceeded earnings expectations and raised its annual outlook, citing strong growth driven by its artificial intelligence products. Other technology firms saw varied performance, with Broadcom falling due to a disappointing revenue forecast despite growth in AI chip sales, while NVIDIA rose following its acquisition of AI startup Hugging Face.

Financial markets overall trended upward, as the Dow Jones, S&P 500, and Nasdaq indices all recorded gains early in the trading session. Meanwhile, oil prices experienced a rebound driven by intensifying geopolitical tensions in the Middle East. This rise follows reported attacks by Iran on targets in the United Arab Emirates and Kuwait, prompting threats of further action from the United States government as fuel prices continue to reach record highs.

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Based on reporting by nu. Translated and condensed by LocalHeadlines.

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