By  on January 18, 2013

Retail stocks gained ground at the close on Wall Street today, fighting back from a midday decline that came on the heels of a weaker-than-expected take on consumer confidence.

The preliminary January reading of the Thomson Reuters/University of Michigan’s index of consumer sentiment showed a decline to 71.3 from 72.9 the month before. Economists expected the gauge of sentiment to rise to 74.

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