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Gap leads retail sector gain; Pacific Sunwear drops

NEW YORK (MarketWatch) - Gap Inc. led the retail sector to a higher opening Friday after the largest U.S. clothing chain posted a better than expected second-quarter profit increase. Gap shares jumped 4.6%. The S&P Retail Index jumped 1.7% to 394.41. Pacific Sunwear of California Inc. shares dropped 28% after the company gave a downbeat outlook for the second half.
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Original post by Forextvblog

This entry was posted on Friday, August 22nd, 2008 at 7:43 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.