Shares of Abercrombie & Fitch (NYSE:ANF) surged 7.8% after the Federal Reserve cut interest rates by 0.25%. The move signaled a shift in focus towards supporting economic growth and injecting liquidity into the market. Traders anticipate more rate cuts in the future, boosting corporate valuations and driving an equity market rally. Abercrombie & Fitch’s shares closed at $107.06, up 7.1%. The market reaction suggests the news is significant but not transformative for the business. Previously, the stock rose 32.7% after strong third-quarter results and optimistic earnings guidance. Despite being down 30.2% this year, long-term investors have seen significant returns.

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