By and  on March 12, 2013

Retail stocks hit another new high on Wall Street today, but couldn’t hold on to the gains and closed with a modest decline.

The S&P 500 Retailing Industry Group slipped 0.2 percent, or 1.10 points, to 727.03. The Dow Jones Industrial Average managed a modest gain and closed up 2.77 points to 14,450.06, another record close.

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