Why Macy's, Nordstrom, and Kohl's Stocks Are Sinking Today
Shares of several department store chains were trading lower on Wednesday amid a broad market decline, as rising rates of COVID-19 infections in some parts of the United States had investors concerned about the ongoing reopening of the U.S. economy.
Here's where things stood for these three companies' stocks as of 2 p.m. EDT on Wednesday, relative to their closing prices on Tuesday.
Rising rates of COVID-19-related hospitalizations in areas of the United States that have recently reopened had investors concerned about consumer-discretionary stocks on Wednesday, for reasons that are probably obvious.
Source Fool.com
