Oil futures rose today, pulling stock markets and the WWD Global Stock Tracker higher.
WWD’s group of 100 leading fashion, retail and beauty stocks advanced 0.2 percent to its highest level ever, 112.2, and giving it a 0.7 percent gain for the week. That put its year-to-date gain at 3.8 percent and its three-month increase at 5.9 percent.
The S&P 500 also closed at a new high, rising 0.4 percent to end the week at 2,096.99, a 2 percent gain for the week. The Dow Jones Industrial Average was up 0.3 percent to 18,019.35, its first close above the 18,000 mark Dec. 29. The Dow ended the week up 1.1 percent.
The increases came as oil prices again firmed, increasing 2.8 percent to $52.65 a barrel and contributing to investor confidence.
U.S.-based firms dominated the top 10 among tracker equities with gains.
While Sears Holdings Corp. managed the biggest advance among stocker tracks for the day, rising 6.9 percent to $35.68, VF Corp. landed the second largest gain — a 6 percent increase to $75.26 — after reporting fourth-quarter earnings that matched analysts’ estimates. Despite a $396 million charge to reflect impairment of brands in its Contemporary coalition, VF provided 2015 guidance that topped initial expectations of analysts.
Elizabeth Arden Inc. improved 5.7 percent to $16.58 and Ascena Retail Group Inc. prospered 4.7 percent to $13.12. American Apparel Inc. was up 4.6 percent to hit 92 cents, while Avon Products Inc. rose 4.5 percent to $9.08 and Abercrombie & Fitch Co. picked up 3.4 percent to close the week at $26.08.
Among stocks not included in the tracker sample, Columbia Sportswear Co. picked up 18.2 percent to close at $51.50 following a fourth-quarter earnings beat reported on Thursday evening. The company also projected 2015 results above consensus and added $200 million to its stock repurchase authorization.
Tracker stocks with gains outnumbered those with declines by a 3-to-2 margin and, when they occurred, the losses were smaller in magnitude than the gains.
The largest decline came from Matsuya Co., of 2 percent to 1,840 yen, or $15.45 at current exchange, followed by Oxford Industries Inc.’s 1.7 percent drop to $53.69.
Shinsegae Co. Ltd. saw its share pull back 1.5 percent to 162,500 won, or $147.52, followed by Luxottica Group SpA’s 1.4 percent drop to 51.40 euros, or $58.61, and Trinity Ltd.’s 1.4 percent contraction to 1.46 Hong Kong dollars, or 19 cents.
Burberry Group plc was down 1.3 percent to 18.61 pounds, or $28.63, to end the week.