The addition of 216,000 new jobs in March fueled hopes of continued recovery in the U.S. and helped push retail stocks ahead 0.8 percent Friday.


 

 

The S&P Retail Index gained 4.17 points to close at 519.92, marking a 1.6 percent gain for the week. The Dow Jones Industrial Average rose 0.5 percent, or 56.99 points, to 12,376.72, ahead 1.3 percent for the week.

 

Shares of Under Armour Inc. shot up 7.6 percent to $73.23 — a new all-time high for the technical sportswear firm, which went public in November 2005. Two million shares traded hands, more than twice the stock’s usual volume.

 

Among the day’s other gainers were Guess Inc., ahead 2.9 percent to $40.49; Kohl’s Corp., 1.9 percent to $54.04, and Tiffany & Co., 1.8 percent to $62.52.

 

On the other hand, shares of American Apparel Inc. dropped 6.6 percent to 90 cents after the firm said it lost $86.3 million last year and once again raised questions about its viability as a going concern.

 

Of the 170 stocks tracked by WWD, 134 rose last week, as six ended flat and 30 dropped.

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