By  on June 17, 2013

Retail stocks gained ground today as investors showed more confidence that the Federal Reserve would continue to prop up the economy in hopes of driving down unemployment with low interest rates.

The S&P 500 Retailing Industry Group rose 0.6 percent, or 4.90 points, to 792.07, and the Dow Jones Industrial Average, increased 0.7 percent, or 109.67 points, to 15,179.85.

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