Why Kohl's Stock Price Was Up Today
Clothing retailer Kohl's (NYSE: KSS) was surging higher on Friday, up as much as 9.4% at 10:49 a.m. ET. In late-day trading, it was still up about 5% to $29.80 at 3:30 p.m. ET.
The market was up early on a positive jobs report but tumbled lower in the afternoon as all three major indexes were down on Friday at 3:30 p.m. ET. But Kohl's had its own catalyst pushing it higher.
The Labor Department reported Friday morning that the economy had gained about 315,000 jobs, which was on pace with expectations. That bit of good news was soon eclipsed by some bad news, as Russia's state-owned oil firm Gazprom announced midday that it halted gas flows into Germany through its Nord Stream 1 pipeline due to equipment issues.
Source Fool.com
