Why Nordstrom Lost 12% Last Month

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.

Source Fool.com