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.
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