Closing Bell: S&P 500, Nasdaq at Records, Up for Sixth Session; Crude Plummets

Crude oil had a devastating day, but those losses did not spill over into equities markets. The S&P 500 and Nasdaq ended at records after climbing for their sixth session in a row, a streak not seen since mid-February. Abercrombie& Fitch (ANF) - Get Report was among the retailers giving markets a boost. The teen retailer reported a narrower same-store sales decline than anticipated. Shares spiked a day earlier on reports of takeover interest. Guess? (GES) - Get Report also lifted the sector following a better-than-expected quarter. Earnings and sales both beat estimates, though its earnings forecasts for its current three-month period did come in on the weak side. General Motors (GM) - Get Report sank after allegedly implementing devices designed to cheat diesel emissions tests, similar to those used by Volkswagen. A proposed class-action lawsuit seeks damages. GM has called the allegations baseless.