The WWD Global Stock Tracker rose 0.1 percent, ending the day at 101.22, as U.S. markets rallied in afternoon trading.
With the exception of small increases on London’s FTSE 100 and Tokyo’s Nikkei 225, markets in Asia and Europe finished lower. In the U.S., however, the S&P 500 tallied a 0.4 percent gain but fell short of regaining 2,000-plus territory with its 1,995.69 close. The S&P 500 Retailing Industry Group, a subset of the larger S&P, matched its gain, rising 0.4 percent to 942.42.
The five biggest gains among tracker stocks came from U.S.-based companies, led by Oxford Industries Inc., shares of which advanced 3.8 percent to $64.21 after it reported late Tuesday a smaller decline in second-quarter profits than expected and double-digit top- and bottom-line gains at its Lilly Pulitzer brand. Sears Holdings Corp. shares rose 2 percent to $33.57 despite a credit downgrade from Fitch Ratings.
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While not a tracker stock, Lands’ End Inc., formerly part of Sears, saw its shares swell 20.6 percent to $40.20 after it reported strong second quarter results.
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Also gaining substantially on the tracker were Target Corp., up 1.8 percent to $61.95; and L Brands Inc. and Avon Products Inc., both of which gained 1.7 percent to close at $64.76 and $13.39, respectively.
Among issues in decline were a pair of Italian firms and three traded in Hong Kong. Brunello Cucinelli SpA shares lost 3.6 percent to close at 18.17 euros, or $23.51 at current exchange, followed by Anta Sports Prodcuts Ltd., down 2.4 percent to 14.64 Hong Kong dollars, or $1.89. Giordano International Ltd. shed 2.1 percent to close at 4.78 Hong Kong dollars, or 62 cents, while Li Ning Co. was off 1.9 percent to 4.60 Hong Kong dollars, or 59 cents. Salvatore Ferragamo Italia SpA shares also surrendered 1.9 percent to close at 22.50 euros, or $29.11.