KSS - Amazon's Split Loses Momentum but These 2 Soaring Stocks Are Picking Up the Slack
The stock market has struggled to sustain any sort of gains, and Tuesday morning, it appeared that Wall Street would once again let a minor market rally on Monday start to slip away. As of 8 a.m. ET, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were down 214 points to 32,968. S&P 500 (SNPINDEX: ^GSPC) futures had fallen 31 points to 4,090, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures had lost 122 points to 12,482.
A lot of buzz among stock traders has come from Amazon (NASDAQ: AMZN) and its recently completed 20-for-1 stock split. However, after continuing gains on Monday, the e-commerce giant is seeing its share price fall back downward in a manner that isn't unusual for post-split situations. Meanwhile, though, brick-and-mortar retailers Kohl's (NYSE: KSS) and Chico's FAS (NYSE: CHS) are both moving sharply higher.
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Amazon's Split Loses Momentum, but These 2 Soaring Stocks Are Picking Up the Slack