JCPenney skyrockets 59% after dodging debt default with a last-minute interest payment (JCP)

· *JCPenney stock soared as much as 59% on Friday after the company, which has reportedly been considering bankruptcy, avoided defaulting on its debt with a $17 million interest payment.*
· *Several retail giants including J. Crew and Neiman Marcus have already entered default as the coronavirus pandemic wipes out demand.*
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