By and  on June 25, 2013

Retail stocks gained on Wall Street today as consumer confidence topped expectations, rising to its highest level since January 2008.

The S&P 500 Retailing Industry Group, rose 0.8 percent, or 6.09 points, to 771.65, gaining back some of the ground lost in last week’s rout, which was fed by fears of higher interest rates as the U.S. economy recovers. The Dow Jones Industrial Average, increased 0.7 percent, or 100.75 points, to 14,760.31.

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