DJIA, MOST FASHION STOCKS DROP

NEW YORK — The Dow Jones Industrial Average fell 132.6 points Wednesday to 7719.28, and most fashion stocks lost ground as well.
Decliners among manufacturers included Gucci Group Inc., down 1 5/16 to 56 1/2; Polo Ralph Lauren, 5/8 to 24 1/4; Estee Lauder Cos., 7/8 to 49 7/16; and Revlon, 5/8 to 52 9/16.
Among retailers, Mercantile Stores fell 1 5/16 to 63 3/8; J.C. Penney gave back 3/4 to 60 1/4; and Gap Inc. sank 1 to 50 7/8.
A few went against the tide. St. John Knits tacked on 2 3/16 to 47 1/8, and Dress Barn rose 2 1/4 to 24 5/8, after both reported earnings that exceeded Wall Street estimates. Other notable gainers were Tommy Hilfiger Corp., rising 1 11/16 to 46 1/8, and Proffitt’s, 1 1/4 to 57 5/16.

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