By  on June 18, 2014

U.S. retail shares expanded on earlier gains and the major indices rallied from breakeven levels following the Federal Reserve’s latest comments suggesting measured increases in interest rates as the economy improves.

The S&P 500 Retailing Industry Group, up nearly all day, padded gains and closed ahead 1.1 percent at 894.51 for its second biggest gain of the month, just below the 1.2 percent advance logged on June 5.

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