Dollar Weakens, Markets Rally

A weaker dollar today rallied stocks across the board, sending the Dow Jones Industrial Average up 1.47 percent to 17,895.22 while the S&P 500 gained 1.26 percent to finish the day at 2,065.87 while the WWD Stock Tracker climbed 0.8 percent to 113.66. Wall Street rejoiced at the decline of the dollar, which weakened via profit taking, and retail shares in particular fared extremely well on prospects that warmer weather will help sales. WWD reported earlier this week that retailers were expecting pent-up consumer demand and improving weather will fuel sales this spring. Of the two dozen major publicly traded department store, off-price, mass and specialty stocks – all but two finished the day in positive territory. Aeropostale Inc. shed 6.8 percent and Abercrombie & Fitch Inc. fell 1.2 percent. All the other retailers posted gains of 2 to 8 percent with shares of Bon-Ton Stores Inc. soaring over 25 percent on a strong quarterly sales and earnings report. In Europe, the major indices closed the day with varied results. Issues in the WWD Stock Tracker that showed particular strength included Revlon Inc., up 7.6 percent, The Men’s Wearhouse, up 8.8 percent, and Inter Parfums Inc., up 7.1 percent. On the declining side was

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