Retail shares soared on Thursday after investors received some good news about the bond insurance industry as well as a bullish report from Deutsche Bank, sending the S&P Retail Index up a whopping 4.4 percent to 423.16.
The Dow Jones Industrial Average grew 1.5 percent to 12,634.02, while the broader S&P 500 increased 1.7 percent to end the day at 1,378.55.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)