Stocks spent most of the day in negative territory, but moved up in afternoon trading as fears about the fate of Lehman Brothers turned to speculation about possible buyers for the troubled investment bank. The Dow Jones Industrial Average finished the session at 11,433.88, up 164.96, or 1.5 percent, and the Standard & Poor’s Retail Index
managed a gain of 2.48 points, or 0.6 percent, to 410.17. The S&P 500 rose 1.4 percent to 1,249.05 and the Nasdaq Composite was 1.3 percent higher at 2,258.22. After reporting stellar second-quarter earnings, Lululemon Athletica led all fashion issues with a 14.4 percent spike. Regional department store Bon-Ton also scored a double-digit gain and Gottschalks shares rose 3.5 percent. Dillard’s stock headed in the other direction, retreating 5.6 percent. NexCen Brands shares jumped 8 percent after the firm said it is actively negotiating with multiple bidders to sell its Bill Blass and Waverly brands. With its 4.8 percent jump on Thursday, to $8.25 a share, Eddie Bauer Holdings’ stock has more than doubled since July 2. Overseas stocks were broadly lower, with IT Holding bucking the trend and locking in a 5.45 percent gain for the day.
"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)