Amazon.com slipped today, dragging down the retail sector as the Wall Street rally pressed on, driving the Dow Jones Industrial Average to another new high.
Amazon.com stock fell 3.4 percent to $265.70 after J.P. Morgan downgraded the stock, leading the S&P 500 Retailing Industry Group down 0.7 percent, or 4.90 points, to 725.71. The Dow gained 0.6 percent, or 83.86 points, to 14,539.14—a new peak for blue chip stocks.
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?"