🟢 M is trading 3.4% up today amid a broad market recovery

M is trading at $22.25 (+3.4%) as U.S. markets rebound sharply from a recent sell-off driven by AI spending concerns and weak labor data.

• Major indices are posting significant gains, with the Dow up 1.91%, the NASDAQ up 1.64%, and the S&P 500 up 1.52% as investors move back into equities.
• The upward movement for Macy's aligns with broader market sentiment rather than company-specific catalysts, as no new filings or news were reported today.
• The recovery follows a period of volatility where markets reacted to fears regarding tech sector spending and macroeconomic labor indicators.