Sector Snap: Teen apparel retailers rise

The Dow Jones Industrial Average rose about 263 points in Tuesday morning trading. On Monday, the index lost 777 points to finish at its lowest close in nearly three years.

Several teen apparel retailers rose, including Abercrombie & Fitch Co., which was upgraded by Friedman, Billings Ramsey analyst Adrienne Tennant to "Outperform" from "Market Perform." Tennant said the stock, which has slid 55 percent since the beginning of the year, has more than priced in the weak environment seen in coming quarters.

Shares rose $2.22, or 6.2 percent, to $37.96 during morning trading.

Elsewhere in the sector, American Eagle Outfitters Inc. shares rose 75 cents, or 5.3 percent, to $15, while Tween Brands Inc. shares rose 61 cents, or 7.1 percent, to $9.19. Zumiez Inc. shares increased 35 cents, or 2.1 percent, to $16.88, and Aeropostale Inc. shares added 94 cents, or 3.1 percent, to $31.68.

One exception was Hot Topic Inc., as shares declined 3 cents to $6.37.