Nasdaq reaches record high, Macy's stirs retail fear

The Nasdaq squeaked out a record high close on Thursday thanks to Amazon.com, while deep drops in Macy's, Kohl's and other department stores weighed on the broader stock market. U.S. stocks have wavered over the past three weeks following a strong surge in the wake of the November election, with investors expecting President-elect Donald Trump to stimulate the economy through tax cuts and infrastructure spending. "The market is pausing for a reason, it’s waiting for confirmation from Washi