The Dow Jones Industrial Average closed above 10,000 Wednesday — retaking ground first gained in 1999 but not seen since last October — as September sales at specialty and department stores rose and investors got a positive feeling about third-quarter profits in the banking and technology sectors.
Retail stocks flirted with their own milestone, but the S&P Retail Index narrowly missed the 400 mark, advancing 1.7 percent, or 6.66 points, to 397.89. Among the leaders of the fashion pack were Liz Claiborne Inc., up 11.5 percent to $7.45; Zale Corp., 9.7 percent to $7.67, and Macy’s Inc., 5 percent to $20.72.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)