Retail stocks rose 1.6 percent Tuesday as increasing optimism that Greece would be able to work out its debt troubles outshined a bigger-than-expected drop in consumer confidence, which underscored continuing weakness in the U.S. economic recovery.
The S&P Retail Index increased 8.20 points to 526.62 as the Dow Jones Industrial Average advanced 1.2 percent, or 145.13 points, to 12,188.69. Nike Inc. led the way up with a 10.1 percent rise to $89.90 following stronger-than-expected fourth-quarter sales and profits, reported Monday afternoon.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"