By and and  on November 30, 2011

Retail stocks missed out on most of Wednesday’s dramatic stock rally, but the plan by central banks to ensure the financial markets continue to function despite Europe’s debt troubles could draw investor attention back to business basics just as stores hit the peak holiday season.

The S&P Retail Index, which started off the week with a big gain following strong Black Friday sales, rose a mild 1.6 percent, or 8.22 points, to 527.43 as the Dow Jones Industrial Average retook the 12,000 mark in a late-afternoon burst, jumping 4.2 percent, or 490 points, to 12,045.68. It was the best day on Wall Street since the depths of the U.S. financial crisis in March 2009.

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