Why Macy's (M) Dipped More Than Broader Market Today

Macy's (M) closed at $18.36 in the latest trading session, marking a -1.45% move from the prior day. This change lagged the S&P 500's daily loss of 0.32%. Elsewhere, the Dow saw a downswing of 0.71%, while the tech-heavy Nasdaq depreciated by 0.2%.The the stock of department store operator has fallen by 1.01% in the past month, lagging the Retail-Wholesale sector's gain of 5.56% and the S&P 500's gain of 4.59%.The investment community will be paying close attention to the earnings performance of Macy's in i ...