Retail stocks kept the rally alive on Wall Street today, gaining for the sixth-straight trading session and inching up to a new all-time record close.
The S&P Retailing Industry Group rose 0.1 percent, or 0.40 points, to 770.15 even as the markets lost some steam and the Dow Jones Industrial Average dipped 0.2 percent, or 22.50 points, to 15,082.62.
The day’s gainers included Maidenform Brands Inc., up 5.4 percent to $18.65; Lululemon Athletica Inc., 5.3 percent to $79.07; Ann Inc., 3.4 percent to $31.25; Fifth & Pacific Cos., 2.7 percent to $22.23; Kohl’s Corp., 2.6 percent to $48.21, and Michael Kors Holdings Ltd., 2.5 percent to $59.41.
Investors have been pushing stocks up steadily this week after a promising read on the employment sector showed stronger job gains than projected.
In Europe, markets closed with mixed results. The DAX in Frankfurt gained 0.2 percent to 8,262.55 and London’s FTSE 100 rose 0.1 percent to 6,592.74. The CAC 40 in Paris dropped 0.7 percent to 3,928.58 and the FTSE MIB in Milan slipped 1 percent to 17,090.62.
The euro traded at $1.31 against the dollar and the pound $1.51.
Retail and luxury stocks were mostly up, with the day’s biggest gainers including Yoox, up 6.2 percent to 15.98 euros; Burberry, 2.1 percent to 13.77 pounds, and Debenhams, 2 percent to 0.91 pounds.
Among the stocks losing ground were Inditex, down 1.7 percent to 102 euros, and Carrefour, which dropped 2 percent to 23.31 euros.