By  on May 16, 2014

Retail stocks outperformed on Wall Street today, with J.C. Penney Co. Inc., Dillard’s Inc. and Nordstrom Inc. all logging dramatic increases after reporting first-quarter results late Thursday.

Penney’s stock jumped 16.3 percent to $9.73 as investors applauded signs of a rebound seen in the company’s first-quarter earnings, which showed a 6.3 percent gain in sales to $2.8 billion.

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