The WWD Global Stock Tracker was able to do what the major U.S. indices could not — finish with an increase — on a day when stocks followed the price of oil both up and down.
WWD’s group of 100 international fashion, retail and luxury stocks ended the day ahead 0.2 percent to 109.28, just a half point below its high-water mark of 109.78 reached last Thursday.
While the Dow Jones Industrial Average ended the day down 0.2 percent at 17,613.68, its range for the day spanned 425 points — as low as 17,498.23 and as high as 17,923.01 — as stocks picked up in the morning as crude oil prices appeared to firm and then fell in the afternoon as oil fell once again.
The S&P 500 and its retailing subset, the S&P 500 Retailing Industry Group, both contracted 0.3 percent, to 2,023.03 and 998.70, respectively.
The strongest percentage gain among tracker stocks came from American Apparel Inc., up 7.4 percent, or 6 cents, to 86 cents, followed by Yoox.com, which gained 5 percent to close at 16.53 euros, or $19.56 at current exchange.
Brunello Cucinelli SpA shares were up 4.9 percent to 18.85 euros, or $22.31, while Dickson Concept International rose 4 percent to 3.92 Hong Kong dollars, or 51 cents, and Carrefour SA shares added 3.9 percent to end the day at 25.39 euros, or $30.04.
Among equities not included in the tracker, Bebe Stores Inc. shares rose 20.2 percent, to $2.98, after the women’s specialty store chain reported a same-store sales increase of 8 percent for the holiday quarter and reduced its anticipated loss for its second quarter ended Jan. 3.
Stocks in retreat were led by a quartet of retailers. The Buckle Inc., was down 10.8 percent to $50.04 while Debenhams plc was down 6.6 percent to 70 pence, or $1.06, and Urban Outfitters Inc. lost 5.2 percent to $34.51.
Shares of The Bon-Ton Stores contracted 4.2 percent to $6.42 and now stand 28.7 percent below their $9.01 close on Oct. 16. Kate Spade & Co. was off 3.9 percent to $27.06.
The Department of Commerce is slated to report preliminary December retail sales and adjusted November sales on Wednesday morning.