Why Ralph Lauren Stock Was Gaining Today
Shares of Ralph Lauren (NYSE: RL) were climbing today after news broke that the U.S. and China were set to reach at least a partial agreement in their trade talks. This boosted stocks broadly, especially the retail sector, which has been highly sensitive to the trade spat.
As of 2:34 p.m. EDT, the S&P 500 was up 1.7%, while the SPDR S&P Retail ETF (NYSEMKT: XRT), a barometer of the retail industry, had gained 2.8%. Ralph Lauren stock was trading 4.9% higher.
Image source: Ralph Lauren.
Source Fool.com
