By  on July 16, 2007

Retail stocks sobered up Friday, a day after better than expected June same-store sales spurred a rally that prompted the broader markets to post record gains. The results bettered Wall Street's low expectations based on consumer spending concerns because of high gas prices and a slowdown in the housing market.

The S&P Retail Index ended the trading week up at 528.54, rising 0.29 percent.

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