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Retail Gains in Down Market

Sector rises 0.4 percent as Dow decreases.

Retail won in a losing market on Wall Street today.

The S&P 500 Retailing Industry Group perked up 0.4 percent, or 3.37 points, to 800.31, as the Dow Jones Industrial Average slipped 0.3 percent, or 42.55 points, to 14,932.41.

The fashion-industry gainers included Abercrombie & Fitch Co., up 3.8 percent to $47.93; Quiksilver Inc., 3.2 percent to $6.85; Inter Parfums Inc., 2.1 percent to $29.92; Kohl’s Corp., 1.8 percent to $52.47, and Saks Inc., 1.5 percent to $13.99.

The New York Stock Exchange has a shortened trading session Wednesday and the market is closed for the Fourth of July holiday Thursday. Traders will have trouble sneaking a long weekend, though, as June employment figures will be released Friday. Economists expect the unemployment rate to improve to 7.5 percent from 7.6 percent.

Markets were also edging down in Europe, led by the DAX in Frankfurt, which retreated 0.9 percent to 7,910.77.

The CAC 40 in Paris fell 0.7 percent to 3,742.57, followed by the FTSE MIB in Milan, 0.6 percent to 15,365.71, and the FTSE 100 in London, 0.1 percent to 6,303.94.

The euro traded at $1.30 against the dollar, while the pound fetched $1.52, and the Swiss franc equaled $1.06.

Retail and luxury stocks were broadly flat. There were some gainers, including Mulberry Group, which advanced 1.5 percent to 9.25 pounds; Brunello Cucinelli, 2 percent to 20.70 euros; Gemfields, 5 percent to 0.23 pounds, and Burberry Group, 2.9 percent to 14.05 pounds, in the wake of a glowing report on the brand’s strategy from HSBC.

Among the stocks that lost the most ground were Asos.com, down 1.5 percent to 40.51 pounds; and Debenhams plc, which sank 1.1 percent to 0.96 pounds.