Retail stocks continued to rally Tuesday morning, rising 1.9 percent in the first two hours of trading.
The S&P Retail Index advanced 7.21 points to 379.55, building on Monday’s 1.4percent increase. The sector has gained ground in only two of the previous 10 sessions and led the broader market Tuesday, where the Dow Jones IndustrialAverage rose 1.7 percent, or 160.82 points, to 9,760.57.
Among the fashiongainers were Liz Claiborne Inc., up 8.2 percent to $4.91; Limited Brands Inc., 4.1 percent to $18.10; Dillard's Inc., 3.4 percent to $14.58; The TJX Cos. Inc., 3 percent to $38.35, and Saks Inc., 2.9 percent to $6.43.
Investors followedthe lead of their counterparts in Asia, where Hong Kong’s Hang Seng Index rose 1.9 percent, and Europe, where London’s FTSE 100 rose 2.2 percent and Paris’ CAC 40 increased 2.5 percent.
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)