By  on July 13, 2007

A retail rally helped spur broad gains in U.S. stock markets Thursday after stores turned in June comps results that bested low expectations.

Wal-Mart, a component of the Dow Jones Industrial Average, posted better-than-expected same-store sales for the first time since March and reiterated its second-quarter earnings guidance range. The company said surveys showed consumers continued to struggle financially and higher gas prices were their greatest concern.

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