WASHINGTON — Retail stocks tacked on 3.1 percent to recent gains Wednesday as the equity markets responded positively to the Federal Reserve’s decision to buy $1 trillion in government securities to bolster the economy.
In its sixth gain in the last seven sessions, the S&P Retail Index topped the 275 mark, rising 8.45 points to 277.79. After a brief advance above 7,500, the Dow Jones Industrial Average picked up 90.88 points, or 1.2 percent, to close at 7,486.58, and the S&P 500 added 29.11, or 2 percent, to finish at 1,491.22. Stocks straddled the break-even point until word of the Fed move in the afternoon.
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