The WWD Global Stock Tracker landed in positive territory for the seventh straight trading day, adding 1 percent to reach a new high of 105.45.
Wal-Mart Stores Inc. rose 4.7 percent to $82.94 after reporting its first gain in U.S. comps in seven quarters despite a dip in third-quarter earnings that still left it above the consensus estimates of analysts. Wal-Mart’s gain helped lift the Dow Jones Industrial Average 0.2 percent to 17,652.79, its 25th record close of the year.
Dillard’s Inc. reported higher earnings and margins despite lower sales and was rewarded with a 3.1 percent uptick to $112.76.
The strongest gain among tracker stocks came out of Tokyo, where shares of Shiseido Co. rose 5.3 percent to 1,781 yen, or $15.42 at current exchange. Takashimaya Co. was up 4.2 percent to 1,052 yen, or $9.11. The Nikkei 225 rose 1.1 percent to 17,392.79 as Japanese markets continued to respond to a possible delay in a higher sales tax.
Shares of Adidas rose 2.9 percent to 61.60 euros, or $76.62, to claim the fifth highest gain among the 100 fashion, retail and beauty stocks monitored by WWD’s tracker.
In its first trading day after reporting third-quarter results that included flat comparable sales, J.C. Penney Co. Inc. shares pulled back 8.5 percent to $7.10, followed by American Apparel Inc.’s 7.2 percent descent to 64 cents. American Apparel reported a wider third-quarter loss due in part to its internal investigation of founder Dov Charney. Elizabeth Arden Inc. was of 4.4 percent to close at $17.69.
Macy’s Inc., which reported quarterly results Wednesday morning, finished the day precisely where it started it, flat at $61.57.
Shanghai Metersbonwe was off 3.5 percent to 11.04 yuan, or $1.80, and Luen Thai Holdings Ltd. shed 3.4 percent to close at 1.70 Hong Kong dollars, or 22 cents.
Kohl’s Corp. shares were down 3.2 percent to $56.07 after it reported lower third-quarter sales and profits and missed analysts’ consensus estimates for its bottom line.
The tracker’s 1 percent gain marked only the fifth time that it had gained at least a point since its inception on July 8. Its largest advance was a 1.3 percent leap on Oct. 21.