Retail stocks managed only their fourth two-day winning streak of the year, and their first in over a month, as the S&P Retail Index went above 250 on Wednesday.
The performance of store equities easily outpaced those of the major indices. While the S&P Retail Index was up 4.12, or 1.7 percent, to 250.59, the Dow Jones Industrial Average eked out an advance of 3.91, less than 0.1 percent, to end the day at 6,930.40 and the S&P 500 crept up 1.76 points, or 0.2 percent, to 721.36. The Nasdaq Composite managed a 13.36 point, or 1 percent, bump to 1,371.64.
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)