Macy's (M) is trading at $17.48 (-4.30%) as broader markets retreat following disappointing labor data and escalating geopolitical instability.
- Major indices are down over 1% after February jobs data reported a loss of 92,000 positions, fueling concerns over economic health.
- Heightened Iran-Israel tensions have driven oil prices higher, weighing on the consumer discretionary sector due to rising energy costs.
- There is no company-specific news for Macy's today; the stock is moving in tandem with sector-wide weakness and macroeconomic pressures.