Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Nordstrom Lost 12% Last Month

TheMotleyFool

0 0

Shares of Nordstrom (NYSE: JWN) pulled back last month as a resurgence of COVID-19 cases dampened the company's prospects of a recovery and other signs showed the company is still struggling during the pandemic. Though there was little company-specific news out on Nordstrom in July, the macroeconomic headwinds were enough to push the stock down 12%, according to data from S&P Global Market Intelligence.

As you can see from the chart below, the stock's decline was weighted toward the end of the month.