The WWD Global Stock Tracker ended its first week on an up note.
The tracker rose 0.3 percent to 99.20.
The firms that lost the most ground were Asian-based equities. Li Ning Co. saw a 9.9 percent drop to 4.93 Hong Kong dollars, or 64 cents at current exchange. Matsuya Co. slipped 4 percent to 1,028.00 yen, or $10.16, while I.T. Ltd. fell 3.1 percent to 2.80 in Hong Kong dollars, or 36 cents.
The top gainer in Friday’s trading session was Salvatore Ferragamo Italia SpA, up 5.6 percent to 22.04 euros, or $29.81. Brands from U.S.-based equities rounded out the top three: American Apparel Inc. rose 4.6 percent to $1.14 and Perry Ellis International Inc. gained 4.1 percent to $18.20.
In New York, the Dow Jones Industrial Average was up 0.7 percent to 17,100.18.
Overseas, the major global indices rose, with the exception of the DAX in Frankfurt, which slipped 0.4 percent to 9,720.02.
Among the indices that rose were the FTSE MIB in Milan, up 0.7 percent to 20,737.12; the CAC 40 in Paris, rising 0.4 percent to 4,335.31 and the FTSE 100 in London, which increased 0.2 percent to $6,749.45.
In the U.S., Michael Kors Holdings Ltd. ended the trading week down nearly 1 percent to $81.06 after Jefferies analyst Randal J. Konik said he still sees continued risks ahead for the company. That’s due to possible shrinking of same-store sales growth, gross margin percent pressure from increased promotions and retail operating margin pressure due to a costly retail roll out. The analyst on Tuesday had lowered his price target for Kors shares to $80 from $95. Shares of Kors fell on Tuesday, but then regained some ground in Wednesday’s and Thursday’s trading sessions.