Wall Street sank today after the Federal Reserve chairman Ben S. Bernanke signaled the recovery was strong enough for the central bank to consider backing off on some of its supports for the economy.
The S&P 500 Retailing Industry Group, which came within easy striking distance of its all-time high Tuesday, fell 1.3 percent, or 10.60 points, to 789.75, as the Dow Jones Industrial Average dropped 1.4 percent, or 206.04 points, to 15,112.19.
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)