U.S. Retail Stocks Post First Gain of 2014

U.S. retail shares enjoyed their first positive day of the new year today as major indices in the U.S. and Europe logged increases.

The S&P 500 Retailing Industry Group progressed 0.4 percent to 931.08 after opening 2014 with three consecutive declines. The Dow Jones Industrial Average and S&P 500 both were up 0.6 percent, to 16,530.94 and 1,837.88, respectively.