U.S. Retail Stocks Gain Ground

U.S. retail stocks were outpacing the market in midafternoon trading on Wall Street, where it was generally business as usual even as the effects of winter storm Nemo began to be felt in New York.

The S&P 500 Retailing Industry Group was up 0.7 percent, or 4.77 points, to 703.90, as the market approached the final hour of trading. The sector was comfortably outperforming the Dow Jones Industrial Average, which was up 0.3 percent, or 44.27 points, to 13,988.32.