U.S. retail stocks fell for a second-straight session today, joining the major indices in the U.S. and Europe in a week of price pullbacks.
The S&P 500 Retailing Industry Group finished the day at 912.69, with its 0.4 percent decline matching that of the S&P 500, which landed at 1,775.50. The Dow Jones Industrial Average logged its third off day in a row and its second in which it shed more than 100 points, losing 0.7 percent to finish at 15,739.43.
The day’s performance gave the Dow and the S&P three consecutive days of declines.
The sharpest decline among the stocks tracked by WWD came from Lululemon Athletica Inc., which fell 1.7 percent to $60.39 after the firm projected flat comparable-store sales for the fourth quarter. American Apparel logged the second largest decline, falling 5.2 percent to $1.09.
The largest advances came from Zale Corp., up 15.5 percent to $14.73; Twitter Inc., 5.7 percent to $55.33; Facebook Inc., 5 percent to $51.83, and The Jones Group Inc., 4.7 percent to $14.37. Oxford Industries Inc. was up 5.2 percent to $76.88 after it provided a fourth-quarter outlook in line with the results analysts had expected.
European markets experienced a more severe downward trajectory earlier in the day.
The FTSE 100 in London fell 1 percent to 6,445.25, while the FTSE MIB retreated 0.9 percent to 17,804.87. The DAX in Frankfurt was down 0.7 percent to 9,017.00, while the CAC 40 dipped 0.4 percent to 4,069.12.
The euro traded at $1.38 against the U.S. dollar, while the pound fetched $1.64, and the Swiss franc equaled $1.13.
Among the day’s biggest decliners were Debenhams, down 2.9 percent to 0.86 pounds; Asos.com, 1.5 percent to 59.45 pounds; Burberry Group, 2.5 percent to 14.49 pounds, and Compagnie Financière Richemont, 2.3 percent to 85 Swiss francs.
Bucking the trend with gains were Metro AG, which advanced 2.4 percent to 35 euros, and Luxottica Group, up 0.6 percent to 35.95 euros.