By and  on February 25, 2014

Positive reactions to fourth-quarter earnings reports from Macy’s Inc. and The Home Depot Inc. sent retail stocks higher even as the broader market declined slightly.

The S&P 500 Retailing Industry Group enjoyed its second strongest gain of the year, rising 1.9 percent to 920.19. With the advance, the index has more days of gains than declines — 19 versus 18 — for the first time in 2014. The close was just slightly below the 920.87 arrived at on Jan. 14.

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