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.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styles by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)