Retail stocks posted a small gain today as investors parsed minutes from the last Federal Reserve meeting, which showed mixed sentiment when it came to cutting back on the central bank’s supports for the economy.
The S&P 500 Retailing Industry Group inched up 0.1 percent, or 0.85 points, to 827.01 and set a new all-time high of 828.02 in midday trading. The Dow Jones Industrial Average, slipped 0.1 percent, or 8.68 points, to 15,291.66.
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)