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Why Retail Stocks Popped Today

TheMotleyFool

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Why Retail Stocks Popped TodayPhoto, wide shot, wide-angle lens, Online marketplace, sunset photo at golden hour, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/27d484d8-d1b1-4519-9797-b5dcaa68d4e2.png

Retail stocks were up broadly today as department store chains and big-box stores continued to rally on bullish reports on the holiday weekend and key selling days like Black Friday and Cyber Monday.

Among the winners today were Nordstrom (NYSE: JWN), which was up 5.1%; Macy's (NYSE: M), which gained 5.5%; Kohl's (NYSE: KSS), up 3.5%; Sears Holdings (NASDAQ: SHLD), which rose 6%; and Target (NYSE: TGT), which was up 5.5%.

The stocks started surging yesterday afternoon, building on upbeat reports as Macy's has looked particularly strong, with its shares up 14% in the last week.

Source: Fool.com