Category: Investor

Nordstrom, Macy’s stocks soar after positive vaccine news

Nordstrom shares have soared after positive coronavirus vaccine news from Pfizer and Moderna.


AFP via Getty Images

Positive vaccine news two weeks in a row has sent department store stocks soaring.

Nordstrom Inc.
JWN,
+2.11%

shares have skyrocketed 58.6% for the month to date. Macy’s Inc.
M,
+2.15%
,
which is scheduled to announce third-quarter earnings on Thursday, is up29.2% for the period. And Kohl’s Corp.
KSS,
-1.71%
,
which reported third-quarter earnings on Tuesday, is up 22.8% for November so far.

Shares of J.C. Penney Co. Inc.
JCPNQ,
-19.07%
,
which just had the sale of its retail

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S&P 500 and Nasdaq rise as investors buy tech shares beaten up this week

The S&P 500 and Nasdaq Composite rose on Wednesday as tech shares recovered some of their losses from earlier in the week at the expense of names who would benefit from an economic recovery.

The broader-market index closed 0.8% higher at 3,572.66 and the Nasdaq jumped 2% to 11,786.43. The Dow Jones Industrial Average — which had been the stalwart early this week — struggled, falling 23.29 points, or 0.1%, to 29,397.63.

Apple gained 3%. Netflix climbed 2.2%. Facebook and Amazon rose 1.5% and 3.4%, respectively. Alphabet closed 0.6% higher, and Microsoft was up by 2.6%.

American Express fell 4.2%

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Stock rally fades, but investors’ hopes for the economy remain

Stocks downshifted Tuesday, the day after their powerful worldwide rally, but optimism remained high that the global economy may still be headed for a return to normal.

It was the second day in a row that rising hopes for a COVID-19 vaccine pushed investors to rethink which stocks they see winning and losing, and that left the majority of U.S. stocks higher but indexes mixed. Treasury yields and oil, meanwhile, held on to their big gains from Monday or rose higher.

The Standard & Poor’s 500 index slipped 4.97 points, or 0.1%, to 3,545.53. The relatively small movement, though, belied

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Economy to shut down again this winter, says Lobo Tiggre, investor who called gold price drop

“If Biden is sworn in, he’ll shut the economy down this winter more than Trump would have. USD goes under the bus, stagflation is likely. They’ll blame COVID-19, but for once, socialism might also get some of the blame for the trouble it causes…” said Lobo Tiggre of the Independent Speculator in a Tweet made last week.

Several countries in Europe are already going back into national lockdown, and Tiggre said that like last time, the U.S. is likely to follow Europe’s lead.

“That’s what happened last time too. It started first in Europe, and then it

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As the market falls and investor fear builds, assessing the odds of a year-end comeback

A trader talks on his phone outside the New York Stock Exchange in the Manhattan borough of New York City, New York, October 2, 2020.

Carlo Allegri | Reuters

Scared enough yet?

Yes, it’s that time in a stock-market pullback when the question turns to whether enough concern has surfaced to displace complacency.

Year-end rallies into the winter happen more often than not, but they tend to be born in a fearful fall when investors start to doubt a fourth-quarter flourish will happen.

Last week’s 5.6% drop in the S&P 500 — which hammered many of the best 2020 performers

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