European Firms Keep WWD Stock Tracker in Green

Major U.S. indices struggled to recover from yesterday’s selloff as Wall Street pondered a strong dollar’s impact on economic growth — particularly against the backdrop of low inflation. And for a third day in a row, investors wondered if interest rates will rise sooner than expected. After bouncing in and out of negative territory throughout the day, the Dow Jones Industrial Average shed 0.16 percent at the close to 17,635.39 while the S&P 500 lost 0.2 percent to 2,040.42. Earlier in the day, European indices all showed gains. Meanwhile, the WWD Stock Tracker posted a slight 0.1 percent gain for the day finishing at 112.75. The tracker — a composite of global stocks in retail and fashion — was strengthened by gains in European shares. Pushing the tracker up were gains between three and four percent for shares of Luxottica Group SpA, Express Inc., Yoox.com and LVMH Moët Hennessy Louis Vuitton. Some of the declining issues were Brunello Cucinelli SpA, down 4.9 percent, and Bon Ton Stores Inc., down 5.3 percent. In economic news, the National Bureau of Statistics of China reported monthly retail sales for February that decelerated to a 10.7 percent gain year-over-year from an 11.9 percent gain for January while industrial

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