Sears Holdings, which runs the Sears and Kmart chains, said it will cut around 400 full-time jobs as part of its plans to turn its business around.
The Nasdaq composite, which has a large concentration of technology companies, rose 28 points, or 0.5 percent, to 6,203.
Amazon picked up $6.87 to $971.78 and Best Buy rose $1.23, or 2.2 percent, to $58.01 as consumer-focused companies rose.
Banks and retailers like Amazon are also recovering to trade higher while traditionally
safe, high-yielding investments like household goods makers and phone companies slip.
The company said the shaky sales will hurt its earnings, and the stock lost $5.36, or 9.2 percent, to $52.97.
NEW YORK — U. S. stocks are changing course Tuesday morning as investors put an end to a two-day drop for technology companies.
HARD SCIENCE: Information technology company Science Applications International Corp. slumped after its sales fell short of Wall Street’s projections.
The Russell 2000 index of smaller-company stocks added 6 points, or 0.5 percent, to 1,425.
Meanwhile Sears Canada, spun off by Sears in 2012, said it hasn’t been able to secure as much funding as it hoped.
US Stocks Rebound as Tech Companies Move Higher -
By THE ASSOCIATED PRESSJUNE 13, 2017, 10:27 A. M. E. D.T.