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Why Shares of Nordstrom Are Surging Today

TheMotleyFool

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Why Shares of Nordstrom Are Surging TodayPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png

Shares of upscale retailer Nordstrom (NYSE: JWN) surged on Tuesday morning, as investors grew more optimistic after the company announced a series of measures to protect its cash position through the coronavirus shutdown.

As of 12:15 p.m. EDT, Nordstrom's shares were up about 20% from Monday's closing price.

Image source: Nordstrom.

Source Fool.com

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