Retail stocks gained on Wall Street today as consumer confidence topped expectations, rising to its highest level since January 2008.
The S&P 500 Retailing Industry Group, rose 0.8 percent, or 6.09 points, to 771.65, gaining back some of the ground lost in last week’s rout, which was fed by fears of higher interest rates as the U.S. economy recovers. The Dow Jones Industrial Average, increased 0.7 percent, or 100.75 points, to 14,760.31.
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)