By and  on August 8, 2011

Retail stocks took their worst one-day plunge since the depths of the financial crisis three years ago, signaling that the sector could be in for major turbulence in the second half of the year.

Investors fixated on the U.S. downgrade from Standard & Poor’s and hit the panic button Monday, sending retail stocks down 6.1 percent and pushing the Dow Jones Industrial Average below 11,000 for the first time in eight months.

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