Retail Stocks Rise, Consumer Confidence Steadies

Women’s Wear Daily. Retail stocks bounced back on Tuesday as word of stabilizing consumer confidence helped the S&P Retail Index end the month and quarter with beefy increases.

Doug Himmel, managing director at Melville Capital, said, “People are digesting and figuring out what is next. The market rallied 800 to 1,000 points in the last couple of weeks, and whether we’ve seen a bottom in consumer confidence remains to be seen.”