By  on April 23, 2008

NEW YORK — Retail shares were mired in red on Tuesday as oil prices reached new highs.

The S&P Retail Index dropped 2.2 percent to close at 396.72. The Dow Jones Industrial Average fell 0.8 percent to 12,720.23, while the broader S&P 500 dropped 0.9 percent to 1,375.94.

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