NEW YORK — As the Dow Jones Industrial Average ended trading on Tuesday above 10,000, shares of Tommy Hilfiger Corp. rode a roller coaster, closing the session down 2.8 percent to $10.01.
The Dow jumped 0.9 percent, or 88.8 points, to end at 10,077.4. The S&P Retail Index gained 0.5 percent, or 2.06 points, ending the day at 405.1.
The Dow slowly gained traction Tuesday as word surfaced that crude futures held steady at about $50 a barrel. Concern over higher prices subsided after Saudi Arabia said it would raise its output to 11 million barrels a day from 9.5 million.
After a tumultuous day of trading on Monday, shares of Hilfiger seesawed, as investors continued to digest the potential impact of a federal criminal investigation surrounding issues connected with a commission rate paid to a non-U.S. subsidiary. Trading volume was 2.7 million, well above its average daily trading volume of 398,681.
In the last six months, the company’s market capitalization plunged by $623 million, or more than 40 percent, to $918.7 million as of Monday’s close from $1.54 billion at the end of March.