Pursuits
Black Friday Bounce Comes Early for Retail Stocks Hitting Record
- S&P 1500 Retail Index surges 1.6 percent to all-time high
- Better-than-expected earnings buoy Dollar Tree, Chico’s
Morning Meeting: The Big Winners on Black Friday
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Investors aren’t waiting around to celebrate Black Friday.
Three days before the busiest shopping day of the year, companies tracked by the Standard & Poor’s 1500 Retail Index surged 1.7 percent to an all-time high in data going back to 1995. Ross Stores Inc., Children’s Place Inc., Ollie’s Bargain Outlet Holdings Inc. and Shoe Carnival Inc. each added at least 1.5 percent on the way to record levels.