Investment guru Warren Buffett might have surveyed the economic landscape and decided to double down, but the average investor had a ho-hum day Tuesday.
The S&P Retail Index slipped 0.1 percent, or 0.38 points, to 383.29, as the Dow Jones Industrial Average dipped 0.2 percent, or 17.53 points, to 9,771.91. Shares of Polo Ralph Lauren Corp. rose 2.3 percent to $78.47 after the firm bested second-quarter expectations. Leading all stocks covered by WWD, Revlon Inc. continued its recent surge, gaining 7.2 percent to $10.79, 87 percent higher than on Oct. 23. Among specialty stores, Caché Inc. was ahead 5.2 percent to $5.04 and Charming Shoppes Inc. was up 5 percent to $4.81.
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?"