NEW YORK -- The WWD stock index rose 2.77 percent in the week ended July 1, strongly outperforming a 0.3 percent gain in the Dow Jones Industrial Average.
Stocks of retailers were particularly strong in anticipation of their June sales results, which are scheduled to come out on Thursday. Wall Street analysts are looking for a strong pickup in sales with the arrival of hot summer weather.
Among the leading retail gainers were Filene's Basement Corp., rising 1 1/8 to 9 3/4, The Gap Inc., increasing 2 3/8 to 42 1/4, The Talbots Inc., rising by 2 to 30, Kohl's Department Store, which improved by 4 3/8 to 47 3/8, and Dillard Department Stores Inc., which added 1 1/2 to finish the week at 31 3/8.
Burlington Industries jumped 1 5/8 to 15 after Goldman Sachs & Co. analyst Jay Meltzer raised his recommendation on the textile firm to his "priority" list.
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?"