Macy’s is trading 4.1% down at $21.52 as consumer-discretionary shares weaken amid oil prices above $100 and heightened U.S.-Iran tensions.
- The sector is down 1.51%, while broader market losses provide the clearest explanation for the move.
- Investors are positioning cautiously ahead of Macy’s scheduled second-quarter 2026 results on September 10; no company-specific announcement or earnings result explains the September 9 decline.