While you were sleeping: Macy’s, Kohl’s soar

Thu, 11 Aug 2016

By Margreet Dietz Aug. 12 (BusinessDesk) - Wall Street rose to records as shares of Macy’s and Kohl’s rallied, while oil prices gained amid fresh Saudi Arabia comments on talks about curbing output. In 3.04pm trading in New York, the Dow Jones Industrial Average rose 0.7 percent, while the Nasdaq Composite Index gained 0.5 percent. In 2.49pm trading, the Standard & Poor’s 500 Index added 0.5 percent. Gains in shares of Nike and those of Merck, last up 2.7 percent and 1.5 percent respectively, led the advance in the Dow. “Position...

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