By and  on May 4, 2012

Retail stocks took a walloping in midday trading on Wall Street today as weaker-than-expected U.S. payroll gains only worsened the headache brought on by Thursday's lukewarm same-store sales reports.

At 1 p.m., the S&P Retail Index was down 1.8 percent, or 11.40 points, to 638.38, as the Dow Jones Industrial Average fell 1.2 percent, or 163.63 points, to 13,042.96.

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