Retail stocks suffered their biggest sell-off of the year, shedding 3 percent of their value, as weak same-store sales results exacerbated investor concerns about the condition of consumer spending.
The S&P 500 Retailing Industry Group dropped 26.40 points, or 3 percent, to end the difficult session at 860.66. The Nasdaq dropped 3.1 percent to 4,054.11 and the Dow Jones Industrial Average and S&P 500 indices did only marginally better, dropped 1.6 percent to 16,170.22 and 2.1 percent to to 1,833.08.
"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)