By and  on May 13, 2014

Retail stocks slipped today even as Wall Street's major indices closed at new highs.

The S&P 500 Retailing Industry Group fell 0.5 percent to 859.77 after beginning the week with a 1.9 percent advance. The Dow Jones Industrial Average and S&P 500 eked out increases of 0.1 and 0.04 percent, respectively, to reach fresh all-time high closes of 16,715.44 and 1,897.45. The S&P was quoted at 1,902.17 in morning trading, its first taste of life above the 1,900 milestone.

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