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Article: Most fashion industry stocks escape big drop in Dow Jones.(Dow Jones Industrial Average)(Brief Article)
- Article from:
- WWD
- Article date:
- April 18, 1996
CopyrightCOPYRIGHT 1996 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- The Dow Jones Industrial Average lost 70.1 points, or 1.3 percent, Wednesday, but only a few fashion issues lost ground.
The decline in the Dow followed four straight winning sessions and was primarily caused by concern over IBM's profit margins. Shares of IBM slid 10 1/4 to 104 1/4.
Among declining fashion issues were Dillard Department Stores, off 1 to 36; Estee ...