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Nordstrom (JWN) Stock Surges on Macy's Earnings Ahead of Q2 Report

NEW YORK (TheStreet) -- Shares of Nordstrom (JWN) were gaining 6.47% to $47.09 on heavy trading volume late Thursday morning after fellow department store operator Macy's (M) reported better-than-expected earnings and revenue for the 2016 second quarter.

Nordstrom is scheduled to report its own 2016 second-quarter financial results after today's market close.

Analysts surveyed by Thomson Reuters are looking for adjusted earnings of 56 cents per share on $3.68 billion in revenue.

Last year, the Seattle-based company...