Why Sears Soared Today and Best Buy, Lowe's, and Home Depot Fell

Shares of Sears Holding Corp. (NASDAQ: SHLD) were surging today after the retailer made a deal with Amazon.com (NASDAQ: AMZN) to sell Alexa-enabled appliances including the Kenmore brand on Amazon.

As a result, Sears stock jumped 15.2% as of 11:43 a.m. EDT, while the news weighed on several rivals. Best Buy (NYSE: BBY) stock was down 3.9% after falling as much as 5.7%. Lowe's Companies (NYSE: LOW) was down 6.3%, and Home Depot (NYSE: HD) was off 4.5%, after dropping 5% earlier in the session. Amazon stock barely moved, rising 0.3% on the news.

Image source: Sears Holding.

Source: Fool.com