By and  on July 16, 2008

Investors abandoned the retail sector early Tuesday as Wall Street reeled during a volatile session, only to come running back just as the price of oil began its biggest retreat in nearly two decades.

Although retailers gave back some of what they had made up later in the day, the Standard & Poor’s Retail Index closed the roller-coaster session down 0.7 percent after sinking as low as 313.63, a 3.8 percent sell-off.

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