Retail stocks logged their sharpest drop since June on Wall Street today as President Obama warned that a “very deep recession” could be in the offing if lawmakers allowed the country to default on its debts.
The S&P 500 Retailing Industry Group fell 2 percent, or 16.57 points, to 826.48, leading the Dow Jones Industrial Average, which declined 1.1 percent, or 159.71 points, to 14,776.53. The Dow is now off more than 900 points since Sept. 18.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"