Stronger-than-expected job gains in the U.S. helped push retail stocks and the Dow Jones Industrial Average to new record highs today, capping a historic week for Wall Street.
The S&P 500 Retailing Industry Group rose 0.9 percent, or 6.75 points, to 727.68, as the Dow increased 0.5 percent, or 67.58 points, to 14,397.07. That’s the highest close ever for both indexes. While retail broke through to new ground earlier this year, the Dow just this week moved into new territory, finally shrugging off the financial crisis and recession.
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)