Stocks rebounded Thursday, breaking a two-day losing streak as financial stocks recovered and helped push the Dow Jones Industrial Average up 0.7 percent to 11,615.93. The broader Standard & Poor’s 500 was up a milder 0.6 percent to 1,292.93 and the S&P Retail Index handily outperformed the overall market with a 2.1 percent rise to 393.25. Wal-Mart Stores Inc. posted a robust 16.8 percent rise in second-quarter profits, but investors, expecting the firm to do well, yawned and pushed the discounter’s shares up just 0.4 percent to $58.10. On the beauty side of the fashion equation, The Estée Lauder Cos. Inc. boosted fourth-quarter earnings
by 35.7 percent, and investors responded in kind, trading shares of the company up 14 percent to $51.25. With fourth-quarter earnings that met expectations and a forecast for growth in its new fiscal year, Elizabeth Arden Inc.’s shares rose 10.3 percent to $18.80 after it offered a more upbeat view of 2009 to go with its fourth-quarter loss. And Liz Claiborne Inc., which on Wednesday posted a $23.2 million second-quarter loss and sustained an immediate stock drop-off, climbed back up on Thursday with an 11.7 percent rise to $14.72.
"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)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)