U.S. Markets closed
  • S&P 500

    4,577.10
    +64.06 (+1.42%)
     
  • Dow 30

    34,639.79
    +617.75 (+1.82%)
     
  • Nasdaq

    15,381.32
    +127.27 (+0.83%)
     
  • Russell 2000

    2,206.33
    +58.91 (+2.74%)
     
  • Crude Oil

    67.37
    +0.87 (+1.31%)
     
  • Gold

    1,771.20
    +8.50 (+0.48%)
     
  • Silver

    22.45
    +0.13 (+0.60%)
     
  • EUR/USD

    1.1307
    -0.0015 (-0.1357%)
     
  • 10-Yr Bond

    1.4480
    +0.0140 (+0.98%)
     
  • Vix

    27.95
    -3.17 (-10.19%)
     
  • GBP/USD

    1.3302
    +0.0025 (+0.1862%)
     
  • USD/JPY

    113.0490
    +0.2690 (+0.2385%)
     
  • BTC-USD

    56,619.51
    -601.93 (-1.05%)
     
  • CMC Crypto 200

    1,450.10
    +11.22 (+0.78%)
     
  • FTSE 100

    7,129.21
    -39.47 (-0.55%)
     
  • Nikkei 225

    27,753.37
    -182.25 (-0.65%)
     

Why Nordstrom Stock Plunged Today

·2 min read
Why Nordstrom Stock Plunged Today
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Shares of Nordstrom (NYSE: JWN) crashed on Wednesday after the department store company's third-quarter earnings results distressed investors. As of 3:45 p.m. ET, Nordstrom's stock price was down 29%. "We're taking action to improve performance at Nordstrom Rack, including optimizing inventory levels, better balancing price points, and increasing brand awareness," CEO Erik Nordstrom said in a press release.