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Why Nordstrom Stock Popped Today

·2 min read
Why Nordstrom Stock Popped Today
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Shares of Nordstrom (NYSE: JWN) were climbing today as the department store stock gained in response to a strong earnings report from Dillard's (NYSE: DDS) and as the April retail sales report showed the sector continuing to perform well. Dillard's, the Arkansas-based department store chain, beat estimates on the top and bottom line, and said that revenue jumped 73% as it lapped the quarter when lockdowns began a year ago.