Gap up on leadership shift; Shein's market debut and stock movers

Gap shares surged following leadership changes at Old Navy and better-than-expected profits despite sales headwinds, while Apple completed its CEO transition from Tim Cook to John Ternus after Cook's transformative 14-year tenure. Shein Global Holdings made its long-awaited market debut, though the fast-fashion retailer faces significant headwinds from tariffs, regulation, and competition at a time when its growth trajectory is slowing.