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Benzinga
Benzinga
Business
Henry Khederian

Here's Why Nordstrom Shares Are Moving

Nordstrom JWN NYSE

Shares of retail and apparel companies, including Nordstrom, Inc. (NYSE:JWN), are trading higher amid overall market strength as investors react to March inflation data.

While CPI data showed consumer prices rose 8.5%, Core CPI came in slightly below estimates. The index for all items less food and energy rose 0.3% in March following a 0.5% increase the prior month. The index for apparel rose 0.6% in March.

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