The WWD Global Stock Tracker registered its tenth consecutive day of gains as U.S. equities advanced on a better-than-expected increase in third-quarter gross domestic product.
Third-quarter GDP expanded by 3.5 percent, beyond the expectations of economists and analysts. First-quarter GDP fell 2.1 percent on harsh winter weather, but the metric grew 4.6 percent in the second quarter.
The 100-issue tracker rose 0.4 percent to 100.72 on a day when the Dow Jones Industrial Average picked up 1.3 percent to 17,195.42 and the S&P 500 was up 0.6 percent to 1,994.65 after coming less than a point from the 2,000 mark.
The worst performance among tracker stocks came from Avon Products Inc., down 9 percent to $9.97 after it reported fourth-quarter headwinds following disclosure of third-quarter profits that exceeded expectations.
Reporting a smaller-than-expected loss, Elizabeth Arden Inc. still reported the second best stock gain of the day, rising 3.4 percent to close at $16.34. The only stock with a larger gain was Quiksilver Inc., up 4 percent to $1.84.
Both Ralph Lauren Corp. and Tumi Holdings Inc. saw their shares rise 2.7 percent, to $166.11 and $20.70, respectively. Earlier in the day, Luen Thai Holdings Ltd. shares closed at 1.58 Hong Kong dollars, or 20 cents at current exchange, a 2.6 percent advance.
Following Avon among tracker stocks in decline was I.T Ltd., down 6.1 percent to 2.33 Hong Kong dollars, or 30 cents, and American Apparel Inc., down 4 percent to 70 cents. Shiseido Co. shed 3.6 percent to close at 1,733 yen, or $15.92, and Hanesbrands Inc., declined 3.1 percent to $106.65 on the first full day of trading after it reported third-quarter earnings late Wednesday.