The S&P Retail Index and the three major U.S. indices sustained losses of more than 1 percent on Friday, and all but the S&P 500 managed to register gains for the week.
Spooked by the Securities and Exchange Commission’s fraud charges against Goldman Sachs for its role in the packaging of subprime mortgage securities, retail stocks followed the rest of the market downward on Friday. The S&P Retail Index was off 1.4 percent to 475.38, breaking a six-session winning streak but finishing ahead 1.5 percent for the week and 15.6 percent for the year-to-date. It’s now advanced nine of the last 10 weeks.
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?"