By and and  on March 11, 2011

Retail stocks dipped 1.1 percent Thursday as the Dow Jones Industrial Average fell more severely, closing below 12,000 for the first time since January.

Investors were spooked by continuing turmoil in the Middle East, a bigger-than-expected rise in weekly jobless claims, a credit downgrade for Spain and a rare trade deficit from China, where imports outweighed exports by $7.3 billion last month.

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