By and  on May 9, 2014

Retail stocks gained 1.3 percent on Wall Street today as the Dow Jones Industrial Average inched up to set a new record high close.

The S&P 500 Retailing Industry Group gained 10.54 points to close at 847.62, as the benchmark Dow Jones added 0.2 percent to close at 16,583.34 — its highest close ever. (The index has reached higher in intraday trading).

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