An unexpectedly large jump in consumer confidence fueled investor bullishness and helped lift retail stocks more than 4.2 percent in early afternoon trading Tuesday.
The S&P Retail Index jumped 13.23 points to 326.50 in the first hours of trading after the three-day holiday weekend while the Dow Jones Industrial Average moved ahead 204.85 points, or 2.5 percent, to 8,482.17.
The Conference Board reported that its monthly Consumer Confidence Index leaped to 54.9 in May from 40.8 in April. While the Present Situation Index component was up to 28.9 from 25.5 last month, the Expectations Index, which measures longer-term sentiment, skyrocketed to 72.3 from 51.0 in April. The May reading overall was the highest since last September, when it measured 61.4, while the Expectations number eclipsed its September 2008 counterpart by 10.8 points.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)