Retail stocks gained 0.5 percent today, outpacing the broader market amid continuing worries over a clash with Syria.
The S&P 500 Retailing Industry Group rose 3.79 points to 812.91 as the Dow Jones Industrial Average increased just 0.2 percent, or 23.65 points, to 14,833.96.
The gainers included Amazon.com Inc., up 2.8 percent to $288.80; Nike Inc., 2.3 percent to $64.29; Zale Corp., 2.3 percent to $12.80; Under Armour Inc., 2.1 percent to $74.13, and J.C. Penney Co. Inc., 1.9 percent to $12.72.
Investors are keeping a wary eye on Washington as President Obama pushes his case for a strike on Syria, which is accused of using chemical weapons against its own people during an internal conflict.
Stocks have been up strongly for the year and are due for a pull back, which some fear could be triggered by the changing geo-political landscape.
Major markets in Europe were on the retreat.
Paris’ CAC 40 fell 0.8 percent to 3,974.07, as Frankfurt’s DAX declined 0.8 percent to 8,180.71, London’s FTSE 100 fell 0.6 percent to 6,468.41, and Milan’s FTSE MIB decreased 0.3 percent to 16,941.03.
Among the decliners were Burberry Group, off 1.1 percent to 15.60 pounds, or $24.28; Luxottica Group, 0.8 percent to 39.92 euros, or $52.57; LVMH Moët Hennessy Louis Vuitton, 0.7 percent to 134.90 euros, or $177.64, and Marks and Spencer Group, 0.5 percent to 4.80 pounds, or $7.47.
A new Joan Rivers coffee table book, titled “Joan Rivers Confidential,” gives readers never-before-seen photos and letters of the late comedian throughout her life. “Because of her drive to always be fresh, she kept records of every appearance, every performance, all the jokes that were used on TV, all the clothes that were worn,” said Rivers’ daughter Melissa. Here, Rivers poses at the “Tonight Show” in Tracy Mills in 1985. Read more about the book and see more photos at WWD.com. #wwdeye
After a career at New York hot spots like Narcissa, Dovetail and Nix, @chefjfraser has expanded to the West Village with The Loyal, a modernized take on an American brasserie. “And as I’ve gone through my career I’ve felt some departure from that kind of simple, straightforward [cooking]. This is meant to take on the idea of ‘what if the American brasserie was invented today?’” #wwdeye (📷: @chinseephoto)
@bellahadid and @lilyaldridge at @bulgariofficial’s celebration on Friday night, toasting the brand's new Peter Marino-designed flagship on Fifth Avenue. The two-part event included a cocktail party at the store followed by a dinner at a mystery location — the Met Cloisters. #wwdeye
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews