Markets rallied for a second day after the Federal Reserve stepped in to boost the U.S. economy with a plan to buy $40 billion in mortgage debt monthly.
The open-ended support, which will help keep interest rates lower, helped push the S&P Retail Index up 0.6 percent, or 3.95 points, to 669.26 — the index’s best close on record. The Dow Jones Industrial Average gained 0.4 percent, or 53.51 points, to 13,593.37, after rising more than 200 points Thursday.
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)