M is trading at $17.36 (-4.98%) in line with a broader market decline driven by weak February jobs data and escalating Iran-Israel tensions.
- The stock follows a -4.79% drop on March 6, when a report of 92,000 jobs lost versus an expected gain triggered a selloff across the S&P 500 (-0.97%) and Dow (-1.14%).
- Macroeconomic pressures are weighing on the retail sector as oil prices surge above $100/barrel, with no company-specific news reported for Macy's today.