The macroeconomic picture got even cloudier as the month of March began, with markets continuing to react to war in Ukraine.
The Dow Jones Industrial Average ( ^DJI 0.00% ), S&P 500 ( ^GSPC -1.55% ), and Nasdaq Composite ( ^IXIC 0.00% ) finished off their worst levels of the day but still posted substantial losses.
Losses widened from year-ago levels, but SoFi did manage to post modestly positive adjusted pre-tax operating profits for the sixth straight Quarter.
The upscale department store retailer has been under pressure for several years now, but its latest Report suggests its longer-term strategy for a turnaround is gaining momentum.
There are still plenty of challenges to overcome, but for now, Nordstrom's strategy is paying off and producing the results investors have wanted to see for a long time.
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service.
- Nordstrom shares jump after retailer projects strong full-year resultsTrend News Agency
- Nordstrom offers upbeat outlook, encouraged by return of travel, office workPuget Sound Business Journal (Seattle)
- Nordstrom stock spikes 35% as retailer makes key strides in its off-price Rack business, issues strong guidanceCNBC
- Nordstrom online sales jump, forecasts profits in coming yearThe Seattle Times
- Nordstrom stock soars 35% after reporting bigger profits on fewer markdownsMarketWatch
- Top Stock Market News For Today March 2, 2022Nasdaq
- Nordstrom reports strong sales and earnings growthFashionUnited UK
- Nordstrom Reports Fourth Quarter 2021 EarningsPRNewswire
- Nordstrom Reports 4th Quarter 2021 Results That Was In Line With ExpectationsForbes
