Stronger-than-expected job gains in the U.S. helped push retail stocks and the Dow Jones Industrial Average to new record highs today, capping a historic week for Wall Street.
The S&P 500 Retailing Industry Group rose 0.9 percent, or 6.75 points, to 727.68, as the Dow increased 0.5 percent, or 67.58 points, to 14,397.07. That’s the highest close ever for both indexes. While retail broke through to new ground earlier this year, the Dow just this week moved into new territory, finally shrugging off the financial crisis and recession.
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?"