A strong jobs report offset news of growth in the trade deficit Wednesday, allowing U.S. retail stocks to eke out small gains in a short trading day ahead of the July 4 holiday weekend.
The S&P 500 Retailing Industry Group managed to add 0.1 percent, or 0.95 points, to close at 801.26 Wednesday. That was weaker than the Dow Jones Industrial Average’s 0.4 percent, or 56.14 point, advance to 14,988.55. The Dow briefly scaled the 15,000 mark late in the morning before retreating just shy of it at the 1 p.m. close.
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)