Retail stocks rose 1 percent Friday — regaining much of the ground lost earlier in the week — as the federal government moved to stabilize stock and credit markets by assuming responsibility for billions of dollars of toxic mortgages.
The 3.87-point gain in the Standard & Poor’s Retail Index left the measure at 394.24, just 3 percent below its level of one week ago and 5.5 percent above its close on Wednesday, when stocks sustained their biggest losses since the aftermath of the Sept. 11, 2001, terrorist attacks. The Dow Jones Industrial Average rose 368.75 points, or 3.4 percent, to close at 11,388.44, down just 0.3 percent for the week and 7.3 percent higher than on what some are calling “Black Wednesday.”
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"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)