By and  on May 14, 2014

U.S. retail stocks retreated rapidly in late afternoon trading today, sending the S&P 500 Retailing Industry Group down 1.1 percent to 850.72.

Although the decline was greater, the retail index followed a trajectory similar to those of the Dow Jones Industrial Average and S&P 500, both of which finished just slightly above their lows for the session. The Dow shed 101.47 points, or 0.6 percent, to close at 16,613.97, while the S&P gave back 8.92 points, or 0.5 percent, to end the day at 1,888.55.

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