Tag: vaccine

S&P 500, Nasdaq Soar to New Records Amid Vaccine News

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Construction workers talk at a USA Properties Fund site on Feb. 2, 2021, in Simi Valley, Calif.


AP

U.S. stocks closed at new records on Friday after their best week in months, as Wall Street looked past disappointing January jobs growth and focused instead on government stimulus and vaccine news.

The

S&P 500

gained 15.09 points, or 0.4%, to 3,886.83, a new record. The

Nasdaq Composite

rose 78.55 points, or 0.6%, to 13,856.30, also a new high. The Dow Jones Industrial Average climbed 92.38 points, or 0.3%, to 31,148.24, just shy of its all-time closing high from Jan.

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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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