U.S. retailers took a pause in their nearly annual “Santa Claus Rally” today as concerns about cyber security and parcel shipping weighed on the markets.
The S&P 500 Retailing Industry Group fell 0.8 percent to 934.18 after rising on the days just before and after Christmas. The Dow Jones Industrial Average and S&P 500 each declined less than 0.1 percent to 16,478.41 and 1,841.40, respectively. The Dow’s descent ended a six-day string of gains.
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)