Retailers Fall As Nordstrom Deal Comes Into Question
The S&P 500 and Nasdaq were adding to the record highs they set in the previous session while the Dow Jones Industrial Average also rose in the morning session. If the trend continues, the S&P is on track to set its third straight record high.
The Energy sector was the market's worst performer, but those losses were offset by strong performances in the healthcare and consumer staples sectors.
Shares of MGM Resorts were down nearly 5% following the mass shooting at the Mandalay Bay in Las Vegas, which MGM owns.
Retail stocks were selling off along with Nordstrom Monday following reports that deal talks to take the retailer private were falling apart. The New York Post reported that banks have been reluctant to fund the deal due to concerns about the viability of the upcoming holiday season.
And that's a wrap for the midday. In New York, I'm Tony Owusu for TheStreet.









