The WWD Global Stock Tracker sustained its fifth decline in the last six trading days as slumping oil prices and political instability continued to weigh on markets.
The tracker, WWD’s group of 100 global fashion, retail and beauty stocks, pulled back 0.6 percent to 105.03, matching the decline in the Dow Jones Industrial Average and S&P 500, which ended the session at 17,180.84 and 1,989.63, respectively.
The S&P 500 Retailing Industry Group, which looks at the sector in the U.S., managed to end the day in positive territory, up 0.2 percent to 995.25.
The declines in U.S. equities came despite a report from the Federal Reserve that U.S. manufacturing activity last month grew 1.1 percent, more than twice the amount forecast.
Among the 100 tracker stocks, Iconix Brand Group Inc. was down the most, dropping 6.1 percent to $36.85, and was followed by Myer Holdings Ltd., which declined 5.3 percent to 1.35 Australian dollars, or $1.11 at current exchange. Avon Products Inc. slumped 4.6 percent to $9.15 while American Apparel Inc. was off 4.4 percent to 55 cents.
Oxford Industries Inc. and Sears Holdings Corp. slid 3.7 and 3.6 percent, respectively, to $53.94 and $31.13.
Quiksilver Inc. continued to gain ground after an upbeat 2015 projection last week, with its shares up 5.8 percent to $2.02, putting them 36.5 percent ahead of their $1.48 price at last Thursday’s close, after which the firm reported fourth-quarter results.
Chow Tai Fook Jewellery Group gained 4.2 percent to close at 10.54 Hong Kong dollars, or $1.36, while Shanghai Metersbonwe rose 3.4 percent to 12.75 yuan, or $2.06, and Perry Ellis International Inc. was up 3.1 percent to $25. Giordano International Ltd. rose 2.9 percent to 3.50 Hong Kong dollars, or 45 cents, while Dillard’s Inc. and Kate Spade Inc. both rose 2.3 percent, to $116.45 and $29.60, respectively.