Markets gain on solid earnings from retailer Macy’s, which moved J.C. Penney & Nordstrom higher. The Dow, Nasdaq, and S&P 500 all finished higher on Wednesday. Seaport Securites’ Jason Weisberg thinks that the move higher is based on a lack of economic data, allowing traders to focus on earnings. Snapchat declines a $3 billion bid from Facebook, and Potbelly jumps 10% on profits rising 27% year over year. TheStreet’s Jane Searle reports from the New York Stock Exchange.
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