By and  on December 20, 2013

Retail stocks moved higher on Wall Street today after the Commerce Department boosted its estimate for third-quarter growth in the U.S. economy.

The new reading of the nation's GDP, which showed growth of 4.1 percent instead of the 3.6 percent previously projected, followed the Federal Reserve’s commitment earlier in the week to make only a modest cutback in its bond-buying program. The Fed also committed to keeping a low federal funds rate.

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