Question: why is jcp stock down?
Answer: Shares of J.C. Penney (NYSE: JCP) were tumbling today for the second day in a row. On Monday, when the ailing department store's stock gave up 5.6%, it largely was due to the broad-market sell-off on news of the deteriorating trade situation with China. ... As of 11:26 a.m. EDT, the stock was down 6.9%.