Home / Business and Economy / American Eagle Surges 35% as Earnings Defy Retail Challenges
American Eagle Surges 35% as Earnings Defy Retail Challenges
6 Sep
Summary
- American Eagle stock jumps 35% on strong earnings, defying retail woes
- Figma sinks 19% after disappointing first earnings report as a public company
- T. Rowe Price gains 6% on new partnership with Goldman Sachs for private market funds
On September 4, 2025, the stock market saw some notable movers, with fashion brand American Eagle leading the pack. The company's shares surged 35.4%, with trading volume 10 times higher than usual, as it reported strong earnings that defied the challenges facing the retail sector.
Elsewhere, Figma, a popular UI/UX design software, saw its stock sink 19% after reporting its first earnings as a publicly-traded firm. The company had just gone public at the end of July, and the comedown in its stock price may be an overreaction from speculative investors who had pumped up the market newcomer in recent days. Despite the stock drop, Figma's results showed 41% revenue growth and a 33% growth outlook for the coming quarter.
In a separate development, investment management firm T. Rowe Price saw its stock rise 6% on news of a new partnership with investment bank Goldman Sachs. The two firms will work together to offer new investment funds with private market exposure, with Goldman investing $1 billion in T. Rowe Price as part of the deal.
