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Clothing executives' confidence rose after the Dow Jones Industrials reversed its downward trend and gained 337 points jump to close at 7,498.32 on Oct 28, 1997. The Dow lost 554 point on Oct 27, 1997, causing apparel and retail shares prices to fall. Nevertheless, most fashion executives cited that they will not change their business strategy and plans because of the chaos on the market. Retailers, such as Donna Karan, Dayton Hudson, Dillard, May Department Stores and Nordstrom, recovered as volume on the New York Stock Exchange reached record breaking numbers., Wall Street's wild ride took a sharp upturn Tuesday, and retailers and apparel executives were feeling a little more relaxed, but they were hardly loosening their seat belts. The stock [...]

The stock and bond markets improved upon news of lower employment growth, slightly lower hourly wages, and slightly higher unemployment in July 1996. The 30-yr benchmark Treasury issue's yield decreased to 6.73%, and the Dow Jones Industrial Average rose by 1.5%. Various stocks are discussed.

A combination of high employment, increasing inflation and the prospect of poorer corporate earnings caused the stock market to deflate in the first week of July 1996. These economic forces seem pretty constant, and may forecast a fixed downward trend in the market.