Officials in New York and Washington were on the watch for reprisals Monday after U.S. special forces killed 9/11 mastermind Osama bin Laden in Pakistan Sunday. But aside from a stepped-up police presence, it appeared to be business as usual for the retail and financial worlds.
The S&P Retail Index shot up to 546.67 in afternoon trading, the highest reading ever from the nine-year-old gauge of retail stocks. The sector, which has traditionally led the market out of downturns, has been boosted by strong corporate earnings, lower unemployment and a sense that the recovery is strengthening. The outlook is clouded by rising food and gasoline prices for consumers and higher costs for cotton and labor for manufacturers and retailers.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)