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What news was the market reacting

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Question

On August 24, 2022 the share price of Nordstrom Inc drifted downward from $23.20 (the previous days close) to $18.80 at 11.30 am PST - a fall of almost 20 percent. What news was the market reacting to and in your view was this an efficient market response?

Reference no: EM133566642

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