Shares of some upscale retail and apparel chains were rising on Friday, as news about a potential treatment for the COVID-19 virus set off a broad-based market rally.
Here's where things stood as of 2:45 p.m. EDT for these three companies' stocks, relative to their closing prices on Thursday.
News that a trial of a potential treatment for the COVID-19 virus has shown signs of success appeared to be the trigger for a broad-based market rally on Friday. Anything that might hasten the reopening of these three companies' brick-and-mortar stores would be a bullish signal, so it's no surprise that Nordstrom, Ralph Lauren, and Urban Outfitters all rallied on Friday afternoon.