M is trading at $21.73 (+3.53%) amid a broader market rally following stronger-than-expected January employment data.
- Nonfarm payrolls rose by 130,000, significantly exceeding the 70,000 forecast, while the unemployment rate held at 4.3%.
- The positive labor report boosted investor sentiment, lifting the S&P 500 by 0.60% and the Nasdaq by 0.80%.
- No company-specific news was reported for Macy's; the stock's advance aligns with the general upward trend in major indices following yesterday's mixed close.