The S&P 500 set a new high today, but the retail components couldn’t keep up despite a better-than-expected reading on March consumer spending.
The S&P 500 Retailing Industry Group slumped 0.1 percent, or 0.45 points, to 745.06, as the S&P 500 just barely nudged past its previous high close from April 11. The index gained 0.7 percent, or 11.37 points, to 1,593.61. The Dow Jones Industrial Average also advanced 0.7 percent, rising 106.20 points, to 14,818.75. Losing ground in the retail index were Amazon.com Inc., down 2 percent to $249.74, and Kohl's Corp., 2 percent to $47.32.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"