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 Stock Was Rising Today

TheMotleyFool

0 0

Shares of Nordstrom (NYSE: JWN) were gaining today as the high-end department store chain continued to rally following news earlier this week that Pfizer's coronavirus vaccine candidate was effective in more than 90% of participants. There was no company-specific news out on Nordstrom today, but the company seemed to be benefiting from an ongoing short squeeze and hopes it will beat earnings expectations in its third-quarter report, due out on Nov. 24. Those expectations appear to have increased after luxury online fashion retailer, Farfetch (NYSE: FTCH), posted strong results in its third-quarter earnings report last night.

As of 1:18 p.m EST, the stock was up 8.9%.

Image source: Nordstrom.

Source Fool.com

Like: 0

JWN

Share