Investors Parse Retail Highs and Lows -- Market Mover
August 16 2018 - 11:43AM
Dow Jones News
Retail stocks were mixed Thursday, as investors weighed Walmart
reporting its strongest sales growth in more than a decade and J.C.
Penney lowering its full-year earnings outlook. Shares of Walmart
rose 10%. Shares of Target, which is also set to report next week,
rose 1.7%, while Costco Wholesale was up 0.3%. Shares of department
stores, however, were trading lower. J.C. Penney, which reported a
steeper quarterly loss Thursday, traded down 23%. Sears and Kohl's
were down 7% and 0.3%, respectively. Shares of Nordstrom, which is
set to release its quarterly results after the bell, fell 0.2%.
(robert.barba@wsj.com; @barbawire)
(END) Dow Jones Newswires
August 16, 2018 11:28 ET (15:28 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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