Nordstrom stock rallies 5% after earnings report

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Popular retail fund skids more than 2% lower and is set for worst day in about 7 weeks

An actively traded retail-focused exchanged-traded fund on Tuesday was set for its worst day since early October, as the shares of a number of top retailers skidded lower following weaker-than-expected quarterly results for some top names. The SPDR S&P Retail ETF was down more than 2%, which would mark its worst daily fall since Oct. 2, when it shed 2.7%. The ETF was being pushed lower by slumping shares of Kohl’s Corp. , down nearly 18%, after the retailer lowered its profit guidance for the year. Shares of other retailers, including Macy’s , off 10%, which reports later this week, were also falling in sympathy, while those for Nordstrom Inc. were off 6%, representing some of the biggest losers in the retail ETF.

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