The WWD Global Stock Tracker held its own as major U.S. indices sacrificed some of the gains recorded in recent days.
WWD’s group of 100 fashion, luxury, retail and beauty stocks landed at 98.94 after ending Tuesday’s trading day at 98.93. While European markets trended upward, the Dow Jones Industrial Average slid 0.9 percent, to 16,461.32, and the S&P 500 was off 0.7 percent to 1,927.11, after four consecutive days of gains that had lifted the index 4.2 percent.
The biggest gain among tracker stocks came from Matsuya Co., which added 10.4 percent to close at 1,385 yen, or $12.94 at current exchange, on a day when the Nikkei 225 index shot up 2.6 percent to 15,195.77, more than erasing a steep decline on Tuesday.
Quiksilver Inc. enjoyed the second largest advance, rising 7.3 percent to $1.92, followed by American Apparel Inc.’s 5.4 percent increase to 74 cents. Puma shares rose 4.1 percent to 170.85 euros, or $217.24, while Anta Sports Products Ltd. and Samsonite International SA shares both increased 3.6 percent, to 15.08 Hong Kong dollars, or $1.94, and 24.70 Hong Kong dollars, or $3.18, respectively.
Among firms shedding value, The Bon-Ton Stores Inc. saw its shares recede 3.3 percent to $9.43 while The Men’s Wearhouse Inc.’s pulled back 3.1 percent to $44.66. Movado Group Inc. shares were down 2.7 percent to $33.69 and Abercrombie & Fitch Co.’s surrendered 2.3 percent to close at $33.69.
The lone non-U.S. stock among the five with the largest declines was Yoox.com, off 2.2 percent to 15.43 euros, or $19.62, with Under Armour Inc. down 2.1 percent to $66.05.