Why Nordstrom Stock Is Trading Higher Today
Shares of upscale retailer Nordstrom (NYSE: JWN) were sharply higher on Wednesday afternoon, a day ahead of the company's quarterly earnings report, amid a broad-based market rally driven by rising optimism about the post-pandemic economy.
As of 2:45 p.m. EDT, Nordstrom's shares were trading up about 14.9% from Tuesday's closing price.
Nordstrom was one of several brick-and-mortar retailers trading higher on Wednesday amid signs that the White House and Congress may be moving toward agreement on additional measures to bolster the U.S. economy. Stocks in other sectors hit hard by the effects of the coronavirus pandemic -- airlines and travel stocks, for instance -- were also up on Wednesday.
Source Fool.com
