Wall Street spent Wednesday choosing between its faith in the judgment of billionaire investor Warren Buffett, who plowed $5 billion into Goldman Sachs, and fears about Washington’s handling of the proposed $700 billion mortgage bailout. In an interview with CNBC, Buffett said, “I am, to some extent, betting on the fact that the government will do the rational thing here and act promptly.” But concerns over the wrangling between the Bush administration and
Congress seemed to carry a bit more pull, with the Dow Jones Industrial Average closing down 0.3 percent, or 29 points, at 10,825.17. Retail stocks followed suit, with the Standard & Poor’s Retail Index off 0.5 percent, or 1.86 points, to 363.92. Luxe issues in particular took a hit after Neiman Marcus, which is privately held but has public debt, said its fourth-quarter losses more than doubled as high-end shoppers pulled back. Nordstrom stock dropped 5.8 percent to $29.81 and Saks was off 6.6 percent to $9 after hitting a new 52-week low earlier in the day. J. Crew also got hammered, with its stock falling 7.4 percent to $27.80. Among the companies in the WWD Stock Index posting the largest gains were three footwear firms: Crocs, LaCrosse Footwear and DSW.
“I was touched by the fact that she lost her father, really before his time, and it was a real shock. She had two young children, she was married and she was expecting that she would have her own life for a good 25 years,” said Claire Foy about playing a young Queen Elizabeth in Netflix’s The Crown. Styled by @mayteallende 📸@jgreenery #emmys2017 #wwdeyeu
“Truth and lies have become a real interesting theme, more than ever, lately,” Emmy nominee Laura Dern told WWD. "It’s a very interesting time to use our voice." Styled by @cristinaehrlich, 📸 @shayanhathaway #wwdeye #emmys2017
“It transcends the genre that is you think of a sci-fi show — you don’t expect it to be so profound or emotionally riveting,” Evan Rachel Wood told WWD of her Emmy nominated role in Westworld. styled by @samanthamcmillen_stylist 📸 @emmanmontalvan #emmys2017 #wwdeye