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. 

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Source Fool.com