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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"