By and  on July 13, 2007

Bargain-conscious shoppers boosted June same-store sales at discounters Wal-Mart and Target, but comps fell in the moderate department store sector, including Macy's.

Wal-Mart Stores Inc. beat expectations for the first time since March, reporting sales growth of 1.6 percent in stores open at least a year. The performance of the world's largest retailer helped to propel a stock market rally that pushed the Dow Jones Industrial Average to a 283-point jump, the index's biggest increase since 2003.

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