By and  on April 10, 2014

Retail stocks suffered their biggest sell-off of the year, shedding 3 percent of their value, as weak same-store sales results exacerbated investor concerns about the condition of consumer spending.

The S&P 500 Retailing Industry Group dropped 26.40 points, or 3 percent, to end the difficult session at 860.66. The Nasdaq dropped 3.1 percent to 4,054.11 and the Dow Jones Industrial Average and S&P 500 indices did only marginally better, dropped 1.6 percent to 16,170.22 and 2.1 percent to to 1,833.08.

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