Investors poured dollars into U.S. retail stocks after Black Friday sales and traffic signaled a strong start to the holiday selling season.
The S&P Retail Index shot up 3.1 percent, or 15.5 points, to 515.87, the sector’s best showing since late October. The Dow Jones Industrial Average gained 2.6 percent, or 291.23 points, to 11,523.01, picking up momentum from European markets, which were also on the rise.
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)