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Dow Jones Industrial Average Rises 3% · Retail Stocks Rally

WWD · ·by G4L

UAA
UAA Under Armour Inc
$5.46 +3.41%
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  1. 1The Dow Jones Industrial Average rose 3% on Wednesday.
  2. 2Reformation rose 9.4% and American Eagle Outfitters rose 9.3%.
  3. 3Retail sales growth forecasts for the year-end shopping season are 4% to 7%.

So what's the key point?

The Dow Jones Industrial Average rose 3%. Clothing store stocks jumped significantly due to expectations of high sales during the year-end shopping season.

Source WWD · View original ↗

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Under Armour records $1.2 billion in Q2 revenue while pursuing product line reduction The Motley Fool +1 · 2d agoUnder Armour plans 25% SKU reduction amid declining sales and net loss Retail Dive · 2d agoUnder Armour Q2 revenue hits $1.2 billion, down 7% The Motley Fool +1 · 3d ago
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