Nordstrom, Dave & Buster’s jump on more positive vaccine news

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Nordstrom Inc. stock jumped nearly 7% in Monday premarket trading after more positive vaccine news, this time from Moderna Inc. . Last week’s positive news from BioNTech SE and Pfizer Inc. also sent shares of department store retailers soaring, signaling investor confidence that with a vaccine, shoppers would head back to stores in greater numbers. Macy’s Inc. and Kohl’s Corp. shares also rose, up 6.8% and 7% respectively. Kohl’s is expected to report third-quarter earnings on Tuesday while Macy’s is scheduled to report third-quarter earnings on Thursday. Dave & Buster’s Entertainment Inc. , which has suffered as customers have avoided indoor activities and large gatherings, saw its shares jump again in Monday premarket trading, this time up 9.2%. Dave & Buster’s stock has tumbled 45.6% for the year to date. Nordstrom is down 57.7%. The ProShares Decline of the Retail Store ETF has tumbled 24.1%. And the benchmark S&P 500 index has gained 11% for the period.
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