WASHINGTON — Signs of a broad economic recovery were evident Wednesday in a trio of government reports that forecast brighter prospects for clothing stores and pushed retail shares and the major stock indices sharply higher.
Retail stocks rose 1.7 percent, or 7.86 points, to close at 480.25, the highest level since October 2007, and advanced for the fifth consecutive session. The general updraft boosted the S&P 500 1.1 percent, or 13.35 points, to 1,210.65, the first time that index has been above 1,200 since September 2008. The Dow Jones Industrial Average closed above 11,000 for the third straight day, increasing 0.9 percent, or 103.69 points, to 11,123.11.
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?"