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.
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)