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U.S. Markets Up; Europe Mostly Down

It was a mixed trading day for the global indices.

U.S. equity markets saw slight gains at the close of trading Wednesday, with the Dow Jones Industrial Average up 0.1 percent to 16,737.53 and the S&P 500 Retailing Industry Group up 0.3 percent to 878.71.

Among the top gainers were Under Armour Inc., up 4.93 percent to $53.62, and American Apparel Inc., up 4.92 percent to 64 cents. Dillard’s Inc. also saw gains, up 3.8 percent to $115.54.

Among those that lost ground were Delia’s Inc., down 6.9 percent to 61 cents, and Pacific Sunwear of California Inc., down 4 percent to $2.19.

Shares of PVH Corp., which inched up 0.3 percent Wednesday to close at $130.68 in Big Board trading, fell 6.6 percent in early after-hours trading on the Nasdaq to $122.00 following the company’s report of first-quarter results that was shy of Wall Street’s estimates and included a lowering of full year guidance.

In Europe, the markets were largely down at the close of trading Wednesday.

The FTSE 100 dipped the most, falling 0.3 percent to 6,818.63, followed by the FTSE MIB in Milan, down 0.2 percent to 21,622.77, while the CAC 40 in Paris edged down 0.1 percent to 4,501.00. Only the DAX in Frankfurt made gains, rising 0.1 percent to 9,926.67.
It was a varied day for fashion, luxury and retail stocks.

Tesco was among the stocks that sent the FTSE 100 down, falling 1.3 percent to 2.93 pounds, after the retailer reported a 3.7 percent fall in same-store U.K. sales in the three months to May 24. Fellow supermarket chain Sainsbury’s also fell following Tesco’s news, closing down 1.9 percent to 3.27 pounds.

Conversely, the British activewear retailer Sports Direct was the FTSE 100’s biggest gainer Wednesday, closing up 3.6 percent to 7.99 pounds. The rise followed positive research notes on the stock issued Wednesday by Exane BNP Paribas and on Tuesday by Numis Securities.

Other risers included Gemfields, up 1.5 percent to 0.43 pounds; Ted Baker, which gained 1.6 percent to 19.81 pounds and Hugo Boss, up 0.8 percent to 105.23 euros.

The pound traded for $1.67 Wednesday, while the euro changed hands for $1.36.