Macy's Stock Surges Amid Trade War Tensions

Macy's stock price surged 5% following Trump's softened stance on China trade, but don't get too excited! While this jump reflects broader market relief, Macy's wild stock swings are common. Economic anxieties persist with recession warnings and job insecurity impacting consumer spending, yet Macy's is still up nearly 5% YTD, turning a $1,000 investment five years ago into $2,800 today, highlighting the market's rapid shifts.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.