Retail stocks jumped today as the investor reading of the fiscal cliff tea leaves appeared to improve.
The S&P Retailing Industry Group rose 2.5 percent, or 15.80 points, to 655.93 as the Dow Jones Industrial Average increased 1.7 percent, or 207.65 points, to 12,795.96. Among the day’s strongest stocks were The Bon-Ton Stores Inc., ahead 8 percent to $11.35; Abercrombie & Fitch Co., 7.2 percent to $43.80; The Men's Wearhouse Inc., 5.4 percent to $33; Jos. A. Bank Clothiers Inc., 5.2 percent to $47.10, and Fifth & Pacific Cos. Inc., 4.8 percent to $11.67.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)