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MarketWatch MarketPulseJan 15, 2019
Nordstrom stock falls after retailer reported holiday sales
Nordstrom Inc. said late Tuesday it expects full year fiscal 2019 earnings to be around the low end of its guidance of $3.27 to $3.37 a share as a result of the holiday-shopping season; adjusted for a credit-related charge it expects $3.55 to $3.65. Nordstrom stock fell 2.7% during the extended session Tuesday. The FactSet consensus for Nordstrom's fiscal 2019 earnings is $3.60 a share. The retailer said that sales jumped 1.3% for the nine weeks ending Jan. 5, compared with the year-earlier period. Nordstrom said "full-price" comparable sales increased 0.3% relative to the third quarter year-to-date increase of 1.9% because of weaker in-store foot traffic. Online sales increased 18% during the same period, which now account for 36% of overall sales. Nordstrom stock closed down less than 0.1% to $47.26 during the regular session, as the S&P 500 index gained 1.2%.

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MarketWatchJan 15, 2019
Market Snapshot: Stocks gain as China stimulus offsets disappointing JPMorgan results
U.S. stocks trade higher as investors digest disappointing bank earnings and news of new stimulus efforts out of China
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