By and  on April 11, 2013

Retail stocks hit a new record on Wall Street today, helped along by general market bullishness as well as solid increases from J.C. Penney Co. Inc. and companies weighing in with March sales results.


The S&P 500 Retailing Industry Group closed up 1.2 percent, or 9.01 points, to 747.34, having set a new record high of 751.72 in midday trading. Retail outperformed the Dow Jones Industrial Average, which rose 0.4 percent, or  62.90 points, to 14,865.14, the highest close ever for Blue Chip stocks.

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