Shares of watch sellers rallied Wednesday, as investors seemed to like the attention drawn to the industry in the wake of Apple Inc.’s product event. Movado Group Inc.’s stock rallied 1.1% in morning trade, while Fossil Group Inc. shares climbed 1.2% and Guess Inc.’s stock tacked on 0.3%. Although some Wall Street analysts expressed disappointment in the new iPhone X, many were upbeat on the new Apple Watch 3, which will be available this month. Meanwhile, Apple’s stock slumped 1.4% after slipping 0.4% on Tuesday.
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