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Stock Market Update: Gap, Ross Stores, and Dillard's Rise; ChargePoint and BJ's Wholesale Fall

Strong performance reports boost some stocks while disappointing sales forecasts lead to a fall for others.

  • Gap Inc. and Ross Stores Inc. saw their stocks rise after reporting strong third-quarter financial results and raising their profit forecast for the year, respectively.
  • Dillard's Inc. announced a special dividend of $20 per share, leading to a rise in its stock price.
  • ChargePoint Holdings Inc. and BJ's Wholesale Club Holdings Inc. experienced a fall in their stock prices after cutting their sales forecast for the current quarter and giving a disappointing update for a key sales measure, respectively.
  • Duckhorn Portfolio Inc. is buying Sonoma-Cutrer Vineyards for about $400 million in cash and stock, leading to a slight decrease in its stock price.
  • Marathon Oil Corp. and Buckle Inc. saw their stocks rise with higher crude oil prices and beating analysts' third-quarter earnings forecasts, respectively.
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