Why Shares of Nordstrom Are Down Sharply Today
Shares of upscale retailer Nordstrom (NYSE: JWN) were down sharply on Monday morning as a steep drop in oil prices and growing concerns about a virus pandemic drove a broad-based market sell-off.
As of 11 a.m. EDT, Nordstrom's shares were down about 8% from Friday's closing price.
Investors on Monday were scrambling to grasp the potential implications of the novel coronavirus, COVID-19, which appears to be spreading rapidly in the United States.
Source Fool.com
