Expectations of another cut to the Federal Reserve’s monthly bond buying program were realized late in the day, contributing to a broad decline on Wall Street that sent retail shares down 2 percent.
The S&P 500 Retailing Industry Group fell 17.76 points to 876.98, returning to its losing ways after an up day Tuesday that ended an eight-session losing streak. Retail declines were larger than those in the broader market, where the Dow Jones Industrial Average slid 1.2 percent to 15,738.79 and the S&P 500 was off 1 percent to 1,774.20.
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?"