These 2 Stocks Just Dropped After Hours

The stock market kept rising on Tuesday, with modest gains adding to Monday’s rally. The S&P 500 (SNPINDEX:^GSPC) joined the Nasdaq Composite (NASDAQINDEX:^IXIC) at record levels, while the Dow Jones Industrial Average (DJINDICES:^DJI) had to settle for the smallest gain of the major indexes.


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S&P 500



Nasdaq Composite



Data source: Yahoo! Finance.

However, there were some hints of discontentment in the after-hours session, as a couple of retail stocks reported disappointing earnings results. Both Nordstrom (NYSE:JWN) and Urban Outfitters (NASDAQ:URBN) lost ground, and what they said could cast a shadow over the idea that the vaccination-led economic recovery will inevitably produce strength across the retail industry.

Nordstrom can’t satisfy shareholders

Shares of Nordstrom fell more than 7% on Tuesday afternoon after the close of the regular session. The department store retailer’s second-quarter financial report had some positive points, but investors simply weren’t content with the progress Nordstrom has been making lately.

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