Retail stocks continued to set new highs today on Wall Street, which also managed to press higher despite a more dour global economic forecast from the International Monetary Fund.
The S&P 500 Retailing Industry Group rose 0.6 percent, or 4.48 points, to 826.16 and traded as high as 827.94, a new record. The index has repeatedly pushed into new territory this year as low interest rates drove more investors into stocks. The Dow Jones Industrial Average, rose 0.5 percent, or 75.65 points, to 15,300.34.
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)