By and  on October 3, 2013

Retail stocks rose to new highs on Wall Street today, but ultimately ceded ground as the Washington budget stand off went into its third day.

The S&P 500 Retailing Industry Group traded as high as 864.73 — a new record — but closed off 1.1 percent, or 9.31 points, to 852.98. The Dow Jones Industrial Average slipped 0.9 percent, or 136.66 points, to 14,996.48.

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