Stocks are red all around, closing lower on tech selloffs
03/06/2024 04:39
Stock market indexes (^DJI, ^IXIC, ^GSPC) close out their second day in a row in the red. Yahoo Finance's Julie Hyman and Jared Blikre highlight the selloffs attributed to lagging tech leaders and bitcoin's (BTC-USD) rapid fall after surpassing its all-time high. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Reuters
Nordstrom's weak 2024 forecasts overshadow strong holiday-quarter sales
Nordstrom expects 2024 revenue to be between down 2% and up 1%, while analysts had expected an increase of 0.04%, according to LSEG data. Nordstrom's fourth-quarter total revenue of $4.42 billion beat estimates of $4.39 billion, mainly driven by strong demand for footwear and beauty products during the holiday season. Sales at Nordstrom's discount banner Rack rose 14.6%, while the company's eponymous label recorded a 3% drop in revenue.