The Ben S. Bernanke-led Federal Reserve said the U.S. recovery was weak enough and that the threats from global financial instability were great enough that it would step in to support the economy.
Investors approved of the widely expected move and pushed the Dow Jones Industrial Average up 0.7 percent, or 96.72 points, to 13,430.07 by 1:00 in New York. The S&P Retail Index rose 0.6 percent, or 3.74 points to 659.74.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"