Stock Market Today: JWN Up After Earnings, PARA Clears Way for Merger, LLY Cuts Zepbound Costs

Published: Aug 27, 2024 Duration: 00:02:00 Category: Education

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welcome to the wp I'm Caroline Woods here to take you through today's market action it was a mixed trading day the NASDAQ added 310 of a% S&P 2/10 the Dow closed just above the unchanged line but it was a new record and the russle closed down about 7/10 of a percent looking at the leading and lagging sectors technology regained some early losses closing up 610 of a percent financials gained close to half a percent meanwhile energy lost nearly 1% while utilities closed down a little less than that turning to some stocks on the Move shares of Nordstrom are higher after a beat on both the top and bottom line the retailor said Revenue Rose more than 3% with a 1.9% uptick in com store sales com sales at Nordstrom Rack Rose more than 4% year-over-year in terms of guidance Nordstrom is calling for a full year sales between flat and 2% growth Paramount shares slipped 7% after the company's ghost shop period to seek other buyers ended clearing the way for its merger with Sky Dan media a group of investors led by Edgar brontman Jr withdrew their $6 billion rival buyout offer Sky Dan deel is now expected to close in the first half of 2025 pending regulatory approval Eli Lily will sell a cheaper single dose file of its debound weight loss drug due to popular demand they'll be priced about 50% below the current list price and are geared towards patients whose insurance doesn't cover the injections shares for him and hers fell 75% after the announcement as competition in the space heats up let's take a look at what to watch for tomorrow all eyes will be on Nvidia of course the chipmaker reports earnings after the closing bell crowd strike and Salesforce will also report before the Bell we'll get quarterly reports from chewy abran Fitch Foot Locker and Kohls that'll do it for the wrap I'm Caroline Woods remember to tune in 24/7 to Schwab network.com

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