As Washington struggled to hammer out a compromise over the mortgage bailout, investors expressed their reservations about political gridlock and just how bitter a pill they would be asked to swallow by pulling their money out of stocks and moving it into commodities.
The Standard & Poor’s Retail Index closed on Monday at 371.13, a drop of 23.11 points, or 5.9 percent, the second-largest drop since the index was recalibrated in mid 2002. The largest drop for the measure of retail stocks was last Wednesday’s 6.4 percent fall.
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?"