Paris'S Terrorist Attacks Shocked American Retailers.
Second days after the terrorist attacks in Paris, the US stock market was unevenly distributed before the opening of the stock market, and the volatility was relatively high.
After the opening of the stock market, the main stock index fell slightly. As many companies released their earnings last week, weak financial results led investors to divest themselves of funds, including Nordstrom department store and Messi department store's performance in the first quarter, which left investors with no confidence.
The Dow Jones industrial average was flat at 17240 points, the S & P 500 index was flat at 2025, while the S & P 500 retail index fell 0.6% to 1215 points.
At noon yesterday, the Dow Jones industrial average rose 0.6% to 17349 points, the standard & Poor's 500 index also rose 0.6% to 2034 points, while the standard & Poor's 500 index fell sharply 0.6% to 1215 points.
The larger share of the day, including Messi department store, fell 2.6% to 38.10 dollars; A & E ropostale fell 6.2% to 68 cents; Dillard's fell 9.4% to 70.19 dollars; Urban Outfitters fell 9.6% to 22.15 dollars.
Major indexes in Europe and Asia were mixed. On the day of the opening of the stock market, the Nikkei average stock fell 1% to 19394 points, the Hang Seng Index fell 1.7% to 22011 points, the Asian Dow Jones index fell 1.4% to 2722 points, and the Shanghai Composite Index rose 0.7% to 3607 points.
Dana Telsey, chief executive officer of Telsey Advisory Grou, a consultancy, said: "
Stock
Too much is not a good thing, which may lead to the promotion and profit pressure of the promotion season this season is relatively higher, that is, the profit margin is still low.
In addition, according to the analysis of Dana Telsey, the lack of consumers
Buying costumes
Enthusiasm is also one of the reasons for the decline in profit margins, so department stores need to make innovations in their products to attract consumers.
Because of the rise of fast fashion, fashion companies are under increasing pressure.
There are other factors that affect consumer clothing spending, such as the purchase of more expensive furniture and so on.
The strong dollar's negative impact on the tourism industry will further affect the revenue of department stores.
Eric Beder, a stock analyst at Wunderlich Securities, said that the current situation of Abercrombie & Fitch Co. worries investors most.
Eric Beder said: "I think the performance of the company in the third quarter is good, especially in Hollister. They also made a slight price increase adjustment for the products, but for the unstable exchange rate, whether the company's action can be sure of the market is full of uncertainty."
Last weekend, Howard Archer, chief economist of IHS Global Insight, an economic and financial analysis agency, said in a research report that the terrorist attacks in Paris had brought about significant economic consequences.
negative effect
It directly leads consumers to lose consumer confidence.
In the short term, consumers in France and other European countries will be in an anxious mood, worrying about whether their country will become the next target.
Howard Archer said that the terrorist attacks in Paris will also have a negative impact on the European travel industry. The affected areas are not just France, but the whole of Europe. In the past, Britain, Spain and France are rarely threatened by terrorist brutality, which makes people think of panic.
But Howard Archer points out that despite the economic impact of terrorist attacks in Paris, economic activity is often flexible.
Howard Archer emphasizes that the stocks of tourism industry must be the most affected by terrorist attacks, but this may lead to the rise of defense stocks.
Many investors have chosen safer assets, such as US Treasury bonds, gold and some European bonds.
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