By  on October 24, 2008

The credit markets are showing some signs of health, but the stock market remains schizophrenic and, for retailers, mostly depressed.

The Standard & Poor’s Retail Index initially fell hard on Thursday only to claw its way back, closing down 1.5 percent, or 3.85 points, to 256.40, even as the Dow Jones Industrial Average staged a late rally to close up 172 points, or 2 percent, to 8,691.25.

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