By and  on March 6, 2012

Stock markets swooned Tuesday as investors worried about Greece’s down-to-the-wire debt negotiations, pushing Wall Street to its worst trading day so far this year.

U.S. retail stocks fared relatively well, though, as the sector is seen as insulated from the mounting troubles in Europe. The S&P Retail Index slipped 1 percent, or 5.83 points, to 580.50. Even as the sector backed away from its all-time high of 587.84, set Monday, it is still up 11 percent so far this year, aided by solid February sales and quicker job growth.

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