Recent retail earnings showed a good deal of doom and gloom signs of a weakened consumer spending. Both Macy’s Inc (NYSE: M) and Nordstrom Inc (NYSE: JWN) saw falling digital sales.
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U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining around 20 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.03% to 33,420.92 while the NASDAQ rose 0.18% to 11,697.05. The S&P 500 also fell, dropping, 0.04% to 4,046.93.
DICK'S sees investment in leading outdoor retailer as growth opportunity
PITTSBURGH, Feb. 22, 2023 /PRNewswire/ -- DICK'S Sporting Goods (NYSE:DKS) today announced it has agreed to acquire leading