🔴 Macy's is trading 5% down today as Middle East conflict and surging oil prices trigger market selloff

Macy's is trading at $17.88 (-4.97%) as broader markets plunge on escalating Iran conflict and surging oil prices.

• The stock is tracking a sharp market decline with the S&P 500 down 2.24% following reports of the Strait of Hormuz closure.
• No company-specific news was reported today; the move follows yesterday's 4.5% drop driven by hot PPI data and Middle East tensions.