Retail stocks pushed ahead Thursday, rising 1.4 percent and establishing a new high for the year despite continued concerns about consumer spending.
The S&P Retail Index shot up to 359.42 early Thursday, but couldn’t sustain all the gains through the afternoon and closed ahead 4.72 points at 354.10. Retail shares have been testing levels not seen since early October, when the financial crisis was at full boil.
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?"