The markets sold off today after posting a record day yesterday. The Dow 30 lost 114, the S&P 500 sold off 14, and the Nasdaq 100 lost 42. Snap was a major headline today as the company went public. As we wrap up the week traders will get a look at manufacturing numbers as well as a speech from fed chair Janet Yellen.

Snap, Inc. (SNAP  ) was the big focus today as the company launched its shares to the public. The stock opened well beyond expectations as investors jumped at the opportunity to own the social media company. Shares closed the day up a whopping 44.29%.

Abercrombie & Fitch (ANF  ) shares got a huge boost today gaining 13.94% despite a disappointing earnings release. The report showed that the retailer did not attract the holiday shoppers despite all the changes to revamp its overall brand. The retail chain showed a miss on both earnings and revenue as "same-store sales declined for the fourth straight quarter." Despite the disappointment shares are now up over 15% for the year, because of today's move.

Shake Shack (SHAK  ) shares sold off 2.57% today after the restaurant chain reported disappointing same store sale growth during the holiday period. On the bright side, earnings were as expected and revenue even beat expectations, gaining 43% from a year ago as the company opened new stores in the fourth quarter. Shares are down 2% on the year.

Anheuser-Busch InBev (BUD  ) shares were lower by 3.72% today as the world's biggest brewer announced that they promised to "speed up savings related to its takeover of SAB-Miller" and said it "won't pay bonuses to its top managers". This comes in light of earnings which were weaker than expected due to weak sales in Brazil which is its second biggest market. Shares are still holding on to a small 1.5% gain on the year.