Stock Market News Today: September 10, 2019 [The Motley Fool]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: The Motley Fool
Stock Market News Today: September 10, 2019 A decimated department store stock shows signs of life and a fast-food chain bets on breakfast. After starting the day deep in the red, the major stock market indices had mostly recovered by early Tuesday afternoon. Data source: Yahoo! Finance. Department store J.C. Penney ( NYSE:JCP ) was able to register a double-digit gain, extending a weeks-long rally despite the mixed stock market. Meanwhile, shares of burger chain Wendy's ( NASDAQ:WEN ) tumbled as investors digested a guidance cut and a new breakfast initiative. Shares of struggling department store chain J.C. Penney had shot up 15% by 1 p.m. EDT Tuesday, extending a rally that began after the stock bottomed out in late August. There was no meaningful news driving the stock higher -- the retailer did announce a new line of men's outdoor clothing, but that minor news is unlikely to be driving Tuesday's gains. J.C. Penney stock has now nearly doubled in just a few weeks. While the stoc
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