🔴 M is trading 3% down today as recession fears and weak jobless claims trigger a broad market sell-off

M is trading at $21.05 (-3.06%) as recession fears and weak jobless claims data spark a broad market sell-off.

• The decline tracks major indices, with the S&P 500 and NASDAQ falling over 1% amid tech sector pressure and Alphabet's massive AI capex.
• Weekly jobless claims reached 231,000, fueling economic concerns and a risk-off sentiment hitting the retail sector.
• No company-specific news was reported for Macy's today; the move follows a 2.26% gain in the previous session.