Stocks plunged Thursday as markets tumbled on credit and housing concerns — compounding fears of an already shaky foundation for consumer spending and pushing the S&P Retail index to a nine-month low.
The Dow Jones Industrial Average closed down 2.3 percent to 13,473.57 — its biggest drop since February. The New York Stock Exchange fell 2.7 percent to 9,659.36, the S&P 500 lost 2.3 percent to 1,482.66, and the Nasdaq slid 1.8 percent 2,599.34.
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)